GB Bank further increases maximum loan size to £20m

GB Bank has announced a further expansion of its lending capabilities, introducing loans of up to £20 million across its specialist funding solutions.

This follows the bank tripling its maximum loan size to £15m last month.

GB Bank launched in August 2022 after receiving its full UK banking licence, initially providing property development loans of between £500,000 and £5 million, with lending supporting regional property developers, small and medium-sized businesses, and construction companies.

GB Bank lends on complex high net worth buy-to-let, commercial and bridging cases, all via its broker partnerships.

Mike Says, CEO at GB Bank, said: “The success of GB bank is our focus on agility and speed of execution to provide timely and bespoke solutions to customers. We retain a steadfast focus on being agile and have speed as the key differentiating factor for our customers.

“A higher limit will allow us to further enhance our product offerings and convert more enquiries. We encourage our teams and the broker community to build new mutually beneficial relationships as we scale up our business through the year.”