One Stop Business Finance (OSBF) has launched a new invoice financing company.

The East Yorkshire-based SME funding specialist was founded seven years ago and has announced that the new company in the group, One Stop Invoice Finance Limited, will be headed by Lynn-Marie Jameson as managing director.

Jameson has worked in the invoice finance sector for almost two decades. She said: “I am delighted to be joining a team of highly experienced professionals at such an exciting time. The opportunity to help shape the future of the business by creating another solution to support SME businesses is one that I relish.”

Andrew Mackenzie, group managing director of One Stop Business Finance, added: “The business has continued to grow rapidly, despite the impact of the pandemic on our working capital lending and, as with all our expansion to date, our future recruitment will be funded fully from the cash that we have generated.

“Our invoice finance plans have been accelerated by a couple of years because we have found an exceptional candidate in Lynn-Marie at an opportune moment.”

One Stop Business Finance is based in Laytham, near York, and provides secured loans and invoice finance to clients around the UK from its own funding and through its network of finance providers for SME clients who can offer security for their debts.