Momenta Finance, the UK alternative lender to SMEs, has secured a £100 million senior warehouse facility from Lloyds, with a further £100 million accordion option, providing up to £200 million of funding capacity. This facility further strengthens Momenta Finance’s unsecured lending capacity and supports its continued deployment into the UK SME loan space.
Momenta Finance secures up to £200m from Lloyds to expand unsecured SME lending
The facility marks an important milestone for the business, increasing the capital available to SMEs across the UK and giving Momenta Finance the headroom to scale its lending as demand grows.
More capacity for unsecured business lending
The facility will fund Momenta Finance’s unsecured business loans, helping UK SMEs access finance for working capital, investment and expansion. For broker partners, it means additional capital to support their clients and the capacity to fund more of the opportunities they introduce.
“Securing a facility of this scale with Lloyds is an important step in supporting our growth plans, giving us the capacity to build on our underwriting and our platform. It means we can back many more ambitious UK businesses through our broker partners and look ahead with confidence and certainty.”
– Tim Boag, CEO of Momenta Finance
Building a stronger, more diversified funding platform
Since 2023, Momenta Finance has secured more than £500 million through facilities with leading banking and institutional partners. The new Lloyds facility adds further depth to that platform as the business continues to grow.
“Bringing Lloyds on board as a lender adds real depth and diversification to our funding platform, and the accordion gives us a clear path to scale. It reflects the strength of our unsecured lending proposition and gives us the capacity to keep deploying capital to UK SMEs.”
– Jake Trehaeven, Capital Markets Director at Momenta Finance
Miray Muminoglu, Head of Securitised Products Group at Lloyds said:
“We’re supporting Momenta Finance with funding to help more UK SMEs invest and grow. Financing established non-bank lenders is an important part of our securitisation and specialist finance business, and this transaction demonstrates how our financing expertise helps them lend to UK businesses and support the wider economy.”
About Momenta Finance
Momenta Finance is a UK direct lender providing fast, flexible and tailored funding to SMEs, with a focus on unsecured business loans and real estate-backed loans. Since it was established in 2013, Momenta Finance has lent over £250 million to more than 2,500 businesses. It is accredited by the government-owned British Business Bank and works closely with industry partners to uphold the highest standards.
