Small Business Loans and Shawbrook Bank

Shawbrook Bank: The private equity-owned lender, which launched in 2009, also reported yesterday that its outstanding stock of loans to small and medium- sized enterprises SME hit 2bn in the first half, according to The Independent. Shawbrook Bank is another expanding lender. The recently floated companys stock of SME loans had grown to 1.4bn by June and The so-called challenger banks, which have been fed and watered by ministers and regulators in recent years, are certainly growing fast. That was underlined yesterday by Aldermores announcement that it plans to float, raising 75m from the stock market to support its expansion. Aldermores net loans to customers including mortgages has grown by a remarkable 64 per cent a year since 2011. Another rapid expander in the SME market is Handelsbanken, which has 7bn of small business loans on its books, more than double the level in 2010. The suggestion of the former Bank of England Governor, Lord King, to a frustrated business owner in Worcestershire last year that he should try the Swedish lender probably didnt do any harm. (news.financializer.com). As reported in the news.