London, October 7 2022 – 4Syte Funding Ltd and 4Syte ABL Ltd, part of the 4Syte Group, have secured a Back-to-Back Asset Based Lending (ABL) facility with NatWest.
The NatWest team worked closely with us to understand 4Syte’s short- and medium-term financing requirements, as we were looking to secure a banking partner able to support our continued growth.
This new facility will fund 4Syte’s invoice finance arm by refinancing the existing facility and providing additional headroom. The facility will also support the expansion of our product offering with the launch of 4Syte ABL Ltd.
“We’re delighted to have supported and developed a new relationship with 4Syte, we are especially pleased because of the alignment of our respective purposes to champion the potential of SMEs which proactively contributes to economic growth across the UK. 4Syte are now able to do this, with our support, to a greater extent through their bespoke lending structures,” said Richard Preston at NatWest.
“We are very pleased to have secured this financing deal to support our business through its continued growth allowing us to support more SMEs with our products. We are excited to have found a new banking partner in NatWest who have maintained transparent communication while structuring this facility through a very efficient process, collegiate negotiation and within expedited timelines,” said Nick Sellars, Managing Director of 4Syte Group.
Founded in 2016, 4Syte offers invoice finance, ABL, construction finance, trade finance and secured lending to suit SMEs across all sectors. 4Syte’s main pillars are all dedicated to providing UK businesses with the finance they need for working capital, cashflow, business expansion and debt consolidation. 4Syte is based in Chelmsford, Essex, with additional offices in London and Yorkshire.