4Syte has secured a new funding facility from GB Bank to increase its lending capacity for SMEs across the UK.
The invoice finance provider said the facility would strengthen its funding platform and support further growth by giving it additional capacity to provide working capital to small and medium-sized businesses.
4Syte provides invoice finance solutions designed to release cash tied up in unpaid invoices. The company said reliable access to cashflow remained important for SMEs seeking to manage growth and day-to-day trading requirements.
GB Bank is a UK challenger bank providing retail savings, property-backed lending and specialist funding lines. It works with brokers, professional investors, entrepreneurs, businesses and non-bank lenders on funding requirements.
Nick Sellars (pictured), group managing director at 4Syte, says: “We are delighted to partner with GB Bank on this important transaction. This funding strengthens our platform and enhances the resilience of our capital structure, positioning us well for continued growth.
“At 4Syte, we are committed to delivering straightforward, reliable funding solutions, and this facility enables us to support more UK SMEs while maintaining the high levels of service our clients expect.”
Tom Graham, group treasurer at GB Bank, adds: “We are pleased to support 4Syte with this transaction. The business has built a strong reputation in the SME finance market, providing valuable support to businesses across the UK.
“This reflects GB Bank’s ongoing commitment to supporting specialist lenders with funding facilities and helping increase the flow of funding to SMEs, which are a cornerstone of the UK economy.”
4Syte said the transaction would allow it to support a growing number of SME clients, provide increased funding capacity to existing customers, further diversify its funding platform and continue offering flexible working capital solutions.
The deal also underlines the role of specialist funding partnerships in widening access to finance for UK businesses.
