This startup provides development financing services tailored for small and medium-sized enterprise property developers in underserved regions, offering residential and commercial development finance, as well as SME-secured loans. Their enhanced online application process simplifies access to necessary funding, addressing the challenge of limited financing options for these developers.
Funding
$187.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized property developers in underserved regions face challenges in accessing necessary funding due to limited financing options and complex application processes. This restricts their ability to undertake residential and commercial development projects.
Solution
GB Bank provides development finance solutions tailored for SME property developers, offering both residential and commercial development loans. They also offer secured loans for SMEs. GB Bank aims to streamline the funding process with an enhanced online application, providing borrowers and brokers with rapid approvals and dedicated relationship managers. Funding solutions are available for straightforward lending products as well as bespoke solutions for more complex borrowing requirements, with funding up to £20 million. They offer specialist residential lending and buy-to-let mortgages, including solutions for foreign nationals and expats.
Target Audience
GB Bank primarily targets small and medium-sized enterprise property developers and investors, as well as brokers seeking funding solutions for their clients.
Features
- Funding solutions up to £20 million
- Rapid turnaround times for approvals and completions
- Dedicated relationship managers providing personalized support
- Streamlined online application process
- Straightforward lending products and bespoke funding packages
- Commercial investment mortgages with up to 75% LTV
- Commercial owner-occupier mortgages for diverse businesses
- Specialist residential lending with consideration for adverse credit
- Buy-to-let mortgages for professional landlords and investors, including foreign nationals