At a glance
- The facility funds Momenta's unsecured business loans, which SMEs use for working capital, investment and expansion.
- For allocators, the £200m ceiling rather than the £100m initial draw determines how much unsecured SME volume Momenta can fund against Lloyds' senior capital.
- The Lloyds deal is the latest in a series of facilities worth a combined £500m that Momenta has secured from banking and institutional partners since 2023.
Momenta Finance secured a senior warehouse facility of up to £200m from Lloyds, starting at £100m with an accordion that allows the lender to draw a further £100m.
The facility funds Momenta's unsecured business loans, which SMEs use for working capital, investment and expansion.
For allocators, the £200m ceiling rather than the £100m initial draw determines how much unsecured SME volume Momenta can fund against Lloyds' senior capital.
The Lloyds deal is the latest in a series of facilities worth a combined £500m that Momenta has secured from banking and institutional partners since 2023. Jake Trehaeven, capital markets director, said, "Bringing Lloyds on board as a lender adds real depth and diversification to our funding platform, and the accordion gives us a clear path to scale."
It follows a £200m facility NatWest and British Business Bank agreed with UK SME card lender Capital on Tap, as Private Wealth Daily previously reported. Part of NatWest's senior commitment to that lender carries a British Business Bank guarantee under the Enable Guarantee programme.
Bringing Lloyds on board as a lender adds real depth and diversification to our funding platform, and the accordion gives us a clear path to scale.Jake Trehaeven, capital markets director at Momenta Finance
Reported by the Direct Lending desk from Alternative Credit Investor, Momenta Finance / Lloyds announcement and Royal London Asset Management announcement. Published . Updated Nov 12, 2026 · 7:45 a.m. ET. Corrections