ThinCats, the leading alternative lender, has agreed a new warehouse facility with Citi and Barclays Bank PLC (“Barclays”) supported by a guarantee through the British Business Bank’s ENABLE Guarantee programme. This new facility supports lending of up to £696m for mid-sized smaller businesses in the UK, making it one of the largest, dedicated funding lines with a non-bank lender.
Citi and Barclays are jointly providing senior funding and ThinCats is using its own capital to provide junior funding, with a small portion of the junior funding also provided by a leading UK credit fund.
