• white-oak-uk-one-and-half-billion1200x475
  • White Oak UK breaks £1.5bn mark on Own Book lending

Views from the flipside

White Oak UK, one of the UK’s largest alternative providers of business finance, today announced it has broken through £1.5 billion in lending on its own book.

Carl D’Ammassa, CEO of White Oak UK, said:

“This milestone comes at a time when SMEs are finding it increasingly challenging to secure business funding through more traditional methods, a sign of a changing tide in SME finance and importantly, a more favourable move towards alternative providers.

"This achievement is a testament to White Oak UK’s commitment to supporting businesses with access to simple and accessible finance solutions.”

Breaking down the £1.5 billion number:

  • Since White Oak UK’s book started in 2014, the business has helped fund over 30,000 businesses
  • In the last 12 months, White Oak UK has written almost 8,000 deals at an average loan size of £36,000
  • Deals have originated from a mix of direct, introduced, brokered, marketing & aggregated channels

One business who took White Oak UK past the £1.5 billion mark is Willow Tree Interiors, a design firm who create unique, handmade English kitchens for homes across the UK. Luke Stanger, Managing Director commented:

“White Oak UK has aided the much-needed growth within the business, allowing us to expand in what are challenging times.

"We now have our high street showroom in Heathfield, East Sussex with a growing list of projects planned, something we would not have been able to achieve without their support."

White Oak UK, which rebranded from LDF in July 2018, has been providing flexible business finance solutions in the UK for more than 30 years.

In 2018, the firm provided £520million in funding to businesses, having also broken the £1billion mark on its own book in 2018 since its launch four years prior.

Asset Finance Explained - Free Guide

By Ian Cushion
Author
Find me on:

Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. White Oak UK were professional, helpful, friendly, and best of all, fast.

credit-awards2018 Winner - Flintshire Business Awards leasing-life-award2018 leasingworld2018-1 SME Awards - Alternative Funder of the YearInnovator of the Year 2016Business Comparison Asset Finance Lender Award Growing Business Award - Amazon