Oak North Bank (UK)
OakNorth Bank plc
2013
Private
All payments are on time
Oak North Bank is a leading digital Challenger bank in the UK market. OakNorth secured a full banking licence in March 2015 and began deposit taking and lending six months later. The company achieved full year profitability of £9.5 million in 2017 OakNorth operates in the following two key lending segments: - Business Lending: which is primarily cash-flow based lending to companies that have funding requirements, including (but not limited to) growth, working capital and acquisitions. Many of these loans also benefit from additional tangible collateral such as fixed assets, debtors or stock; and - Property Finance: which includes the financing of new developments and refurbishments as well as medium-term property investment funding.
Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note” (fractions of corporate bonds). Each Note is backed by a specific bond.