Shawbrook has expanded its commercial trading proposition with the launch of new large loan products, building on the momentum of its rollout earlier this year.
The enhancement sees the maximum loan size increase to £2.5 million, unlocking more opportunities for businesses looking to acquire their trading premises or release capital to fuel expansion.
Loans between £1 million and £2.5 million now benefit from reduced rates, starting at 6.44%, making higher value borrowing more accessible. The new large loan products come with the choice of variable rates or a two, three or five-year fixed rate and span both commercial and semi-commercial trading products.
Shawbrook continues to offer faster completion times through non-represented legal options and the use of title insurance on eligible cases. The security package also stays simple, with personal guarantees capped at 25% of the loan and no standard requirement for debentures.
Daryl Norkett (pictured), director of real estate proposition at Shawbrook, commented: “Building on our large loan range marks an exciting next step in the development of our commercial trading proposition. Since launch, our focus has been on providing a straightforward, dependable lending experience for our broker partners and their clients who just want to get a loan approved and drawn down smoothly.
"By increasing our loan limits and expanding our product options, we’re empowering even more businesses to invest in their future, whether that’s acquiring the premises they operate from or releasing capital to support growth. These enhancements reinforce our commitment to supporting small businesses with practical, flexible solutions that genuinely meet their needs.”
