Cheadle based bridging finance provider, SKDA, has secured funding to accelerate growth plans with a a multi-million pound block bridging facility from Aldermore Bank.
Established in 2016, SDKA is a principle, specialist lender offering short-term bridging finance secured against residential, mixed-use and commercial properties. The finance from Aldermore will support SKDA to build their lending portfolio and improve access to finance for SMEs and individual customers.
Matthew McNeile, business development manager for asset finance at Aldermore said:
We’re pleased to be able to provide a new block bridging facility for SDKA, and we look forward to supporting their ongoing development and growth. SDKA’s established performing book, comprehensive end to end system and its ability to make robust lending decisions quickly and decisively, is what attracted us to their business. We’re delighted to be part of their funding panel and look forward to supporting Kunal and the team.”
Kunal Mehta, managing director of SDKA Ltd said:
I’m delighted to have established a strategic partnership with Aldermore bank allowing us to further grow our loan book. Their endorsement has a beneficial impact to our offering and our clients when they require bridging finance. It’s a testament to the exceptional team at SDKA that Aldermore have provided this facility with full autonomy on how we lend. Aldermore have shown confidence in our underwriting processes, bespoke technology and commitment to deliver outstanding service to our clients. We’re a lender that has built a strong reputation for dealing with complex cases and loans that need to complete quickly, which Aldermore fully support us with.”
Aldermore’s block bridging allows independent funders to raise capital against future income from bridging finance contracts in place between them and their customers.