OakNorth

OakNorth is a UK-licensed bank founded in 2015 that lends to growing businesses, typically with GBP 1m to GBP 100m in turnover, offering secured and unsecured business loans structured case by case and decided using data and forward-looking scenario analysis rather than standard templates. Since 2023 it also offers business banking: a business current account with Visa business debit cards for teams, business savings accounts with variable rates tracking the Bank of England base rate, and a named Business Partner per customer instead of a call centre. OakNorth Bank plc is authorised by the PRA and regulated by the FCA and PRA. The group has extended its lending to the United States and announced the acquisition of Community Unity Bank in Michigan.