Cynergy Bank Secures £100m ENABLE Guarantee from British Business Bank
Funding | Mar 31, 2025 | British Business Bank Investments Ltd
The British Business Bank has partnered with Cynergy Bank PLC through an ENABLE Guarantee transaction, which will provide up to £100 million to support Cynergy Bank's asset-based lending initiative, Cynergy Business Finance Limited. This funding will specifically support Cynergy's invoice finance lending, marking the first time an ENABLE Guarantee has been employed for this asset class. The finance is intended to increase debt financing options for small to medium-sized enterprises (SMEs) in the UK, potentially expanding their access to invoice finance. Cynergy Bank, since its inception in 2018, has been focusing on supporting UK business owners and entrepreneurs with diverse financial products, including cashflow loans and various asset-based lending options. This collaboration with the British Business Bank is aimed at enhancing Cynergy's capabilities in offering diverse lending solutions to SMEs.
Sectors
- Financial Services
- Venture Capital & Private Equity
Geography
- United Kingdom – The transaction is between the British Business Bank and Cynergy Bank, focusing on enhancing financial solutions for small businesses within the UK.
Industry
- Financial Services – The article is primarily about a financial services transaction involving asset-based lending and invoice finance solutions provided to small and medium-sized enterprises.
- Venture Capital & Private Equity – The ENABLE Guarantee transaction involves British Business Bank, a government-owned investment bank, indicating a strong connection to the venture capital and private equity sector.
Financials
- £100 million – The amount involved in the ENABLE Guarantee transaction between British Business Bank and Cynergy Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank Investments Ltd. | Lender/Financial Support | Company | A government-owned investment bank lending financial support to Cynergy Bank through an ENABLE Guarantee. |
| Cynergy Bank PLC | Borrower/Financial Institution | Company | A financial institution receiving funds from the British Business Bank to expand its lending operations to small businesses in the UK. |
| Cynergy Business Finance Limited | Asset-based Lending Arm | Company | A division of Cynergy Bank focused on providing asset-based financial solutions, such as invoice finance, to SMEs. |
| Michael Strevens | Managing Director, Structured FI Solutions | Person | An executive involved in the transaction from the British Business Bank. |