Founded in 2016, the 4Syte Group operates through four business pillars: Invoice Finance, Trade Finance, Construction Finance and Secured Lending, all of which provide SMEs with funding for working capital, cashflow, business expansion and debt consolidation. 

4Syte have grown organically through broker channels as well as through acquisition and were recently named ‘Most Client-Focused SME Finance Provider 2022’ in the UK Enterprise Awards'*.

Looking to secure a banking partner able to support their continued growth as well as entering into documentation suitable for future syndication, 4Syte Funding approached NatWest.

The NatWest team worked closely with the new customer to understand 4Syte Funding’s short- and medium-term financing requirements and based on these discussions agreed to provide a £45 million ‘Back-to-Back’ Asset Based Lending (ABL) facility. 

This new facility will fund 4Syte’s Invoice Finance pillar by refinancing the existing facility and providing additional headroom of over £10 million, which will partly go towards a new entity, 4Syte ABL Limited, which offers smaller ABL lending to SMEs.

Nick Sellars, 4Syte, commented: “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.”

Richard Preston, NatWest, said: “We’re delighted to have supported and developed a new relationship with 4Syte Funding, 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.”

*4Syte (2022 Winner: UK Enterprise Awards) - SME News