A new loan product specifically designed to empower UK small and medium-sized enterprises (SMEs) in their growth aspirations has been launched today by Shawbrook. The CapEx Loan is a fixed-term, unsecured loan offering financing of up to £100,000.

Shawbrook notes that the new product addresses a critical gap in traditional SME financing options. While asset finance caters to tangible assets, the CapEx Loan bridges the divide by supporting investments in both tangible and intangible capital expenditure, a crucial area often overlooked by standard loan solutions.

SMEs can leverage the CapEx Loan to invest in essential, growth-oriented expenses such as tangible assets, refurbishments, and IT costs. Examples of funded deals include gym equipment for a new gym, new tooling for a garage fit-out, cleaning facilities for a car leasing company, CNC machine purchased from abroad, and a car simulator at an automotive sport complex.

By using the funding for business investment ambitions, Shawbrook highlights that SMEs can benefit from more favourable terms compared to standard business term loans.

Stuart Doignie (pictured), Managing Director of Digital SME at Shawbrook, said: "The UK SME landscape is brimming with ambition, yet often the right kind of financing remains elusive. Traditional options often fall short when it comes to supporting the diverse needs and complexities of capital expenditure investments.

“We're pleased to introduce the CapEx Loan, a solution specifically designed to fill this gap and provide SMEs with the flexible and customised support they require to thrive."