Shawbrook’s Auto-Decisioning Success: £100M Milestone
Shawbrook’s Digital SME Lending team has achieved a significant milestone, surpassing £100 million in asset finance transactions through its innovative auto-decisioning technology since its launch in 2022.
At a glance
Shawbrook’s Digital SME Lending team has achieved a significant milestone, surpassing £100 million in asset finance transactions through its innovative auto-decisioning technology since its launch in 2022. This achievement highlights Shawbrook’s commitment to supporting brokers and the UK’s SMEs with smooth and efficient finance solutions.
The foundation of this success is Shawbrook’s Broker Portal, a user-friendly online platform that enables brokers to upload and progress cases seamlessly. The portal provides fast auto-decisions on qualifying flow deals up to £250,000, streamlining the decision-making process and ensuring swift access to funding for businesses.
In addition, Shawbrook’s CapEx Term Loan product also benefits from auto-decisioning. The fixed-term, unsecured loan offers financing for both tangible and intangible capital expenditure, specifically designed to fuel growth for businesses. The significant demand for this product has contributed to the milestone achievement, reflecting the growing appetite for funding among SMEs.
Shawbrook’s implementation of auto-decisioning aligns with its broader objective of creating an efficient decisioning process. While the technology handles straightforward cases, deals that are not auto-accepted are reviewed by experts within the team, ensuring a balanced approach that combines technological efficiency with human expertise.
Spotlight:
A specialist logistics business serving the scientific community, was looking to replace one of its old trucks to keep its fleet up to date for optimal efficiency.
Wanting to make a quick purchase, the broker submitted the deal via Shawbrook’s Broker Portal, and the deal was auto-decisioned and paid out within three days.
At Shawbrook, we pride ourselves on our ability to implement cutting-edge digital tools whilst also retaining the all-important human touch with an end goal of creating the best possible experience for both our brokers and the SMEs that turn to us for their funding needs.
Stuart Doignie continued:
"When we integrated auto-decisioning 2 years ago, we had a vision of creating a portal that greatly speeds up the often-over-complicated decision-making process on deals and we are pleased to report it has been a big success, as today we announce that the £100 million milestone has been reached.”
Looking ahead, Shawbrook aims to continue developing and adapting its digital offerings to ensure the best possible user experience for its brokers and clients.
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