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

Founded in 2018 by serial entrepreneur Dovi David, mcl was established 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 the business’s financial capacity, enabling mcl to scale its product range and continue to offer flexible funding to help UK SMEs thrive, where with a growing number of SMEs in the UK are no longer effectively served by their local banks.

“Achieving this monumental multi-million pound deal between MCL x Pollen secures our growth plans for the next 3 years. It’s a testament to the hard work from the whole team. The funding enables MCL to provide a broadened range of products to small and medium businesses globally to continue to help fill this ever increasing SME funding gap.”

— Dovi David, founder and CEO of mcl

“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.”

— Ethan Saggu, Investment Director at Pollen Street