Pollen Street Capital announces several hundred million pounds of financing to be made available to UK SMEs through a senior secured credit facility with MCL Finance

Pollen Street today announces the completion of a Senior Secured Facility to MCL Finance (“MCL”), a fast-growing UK SME platform, with the facility unlocking several hundred million pounds to support thousands of growing SMEs across the UK.

MCL was founded in 2018 by serial entrepreneur Dovi David, with a clear mission: to make fast, flexible funding accessible to UK SMEs. Headquartered in London, the business provides access to funding to thousands of businesses, leveraging a bespoke loan management platform and transparent, fair terms. Driven by innovation and a customer-first approach, MCL is growing its presence across the UK as well as globally.

The facility, on which MCL was advised by Ashurst LLP, will enhance MCL’s financial capacity, enabling the business to scale its product range and continue to offer flexible funding to help UK SMEs thrive – with a growing number no longer effectively served by their local banks.

Dovi David, founder and CEO of MCL, commented: “Achieving this monumental multi-million pound deal between MCL x Pollen secures our growth plans for the next 3 years. It’s testament to the hard work from the whole team and the clear need for a product range that MCL now offers to small and medium growing businesses globally.”

Ethan Saggu, Investment Director at Pollen Street, added: “MCL is a fast-growing business providing much-needed funding to underbanked SMEs in the UK. We are pleased to support their mission and growth with this facility. The management team have strong experience in the sector, and we look forward to working together.”