Momenta Finance secures up to £200M facility from Lloyds for UK SME lending

Momenta Finance has secured a senior warehouse facility from Lloyds that starts at £100 million, with an accordion option for a further £100 million, taking total capacity to up to £200 million.

Momenta is a UK alternative lender that provides unsecured business loans to SMEs for working capital, investment and expansion, distributed through brokers. It is led by CEO Tim Boag.

The Lloyds deal is the latest in a series of facilities from banking and institutional partners since 2023, worth around £500 million combined.

Capital markets director Jake Trehaeven said bringing Lloyds on board adds depth and diversification to Momenta's funding platform. Miray Muminoglu, head of securitised products at Lloyds, said the bank is backing Momenta to help more UK SMEs invest and grow.