Central London law firm Lawrence Stephens has helped SME finance provider Got Capital secure a multi-million pound revolving credit facility from Shawbrook Bank.
Jeff Rubenstein, Company & Commercial Partner at Lawrence Stephens, acted for Got Capital to complete the crucial deal which sees the company significantly expand its lending capability. The deal also allows for a future increase of up to three times this amount, upon meeting certain criteria. This deal with Shawbrook is the first of its kind for Got Capital and was completed using LMA style documentation.
Got Capital provides advance funding of receivables for small and medium sized businesses and this partnership with Shawbrook greatly increases its ability to assist SMEs and rapidly grows the business. Lawrence Stephens acts on behalf of a wide range of clients from fast-growing start-ups, owner managed businesses and SMEs to market-leading corporates, spanning the full spectrum of industry sectors. They recently helped Lendhub secure a new funding line, helped regular client Whitehall Capital secure a capital loan in just 5 days, and supported a start-up Blue Chip company in breaking a funding round record on Crowdcube.
Alex Afek, Managing Director at Got Capital commented:
“It was a pleasure working with Lawrence Stephens on this complex transaction. They did everything they could to help us through the process. They were always available and always with a ‘let’s get it done!’ attitude that helped us close the deal quickly. It was refreshing to get this attitude from such an established law firm.
“We’ve already started to work with them on our new project and they’ve also introduced us to a few businesses in their network which will help us advance and continue our growth plans.”
Jeff Rubenstein, Partner at Lawrence Stephens, commented:
“This deal is a fantastic opportunity for Got Capital and I’m delighted to see it completed. It’s been great to help and assist Alex through the legal process, which will allow him to take the business to the next level with the expanded facility provided by Shawbrook Bank. We very much look forward to helping Got Capital navigate crucial deals like this in the future.”