The bank, which launched in 2017, provides lending solutions for business owners and professional landlords.

Redwood celebrated a lending milestone of £250m in August 2020 and reached profitability in November 2021.

Gary Wilkinson, CEO and co-founder of Redwood Bank (pictured above), commented: “Covid-19, Brexit, changes at No 10, the looming recession – I don’t think there has been a more challenging period in recent times.

“We know businesses need our support now more than ever if they are to survive relatively unscathed.

“We have their backs, and it is the strength of the relationships that we want to have with FIBA brokers that makes that possible.

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“Brokers don’t have the choice of funding options they once had, so it’s important they know we will work hard for their clients and make the best offers we can.

“The rapport we establish with the brokers at FIBA is key to us building our bank, which will continue to provide support for businesses.”

Adam Tyler, executive chairman at FIBA, added: “Redwood Bank is a fantastic, and very welcome, addition to our lender panel.

“Our discussions have been ongoing for many months, and I am particularly pleased to bring their service to our members, as they occupy a unique position in our industry, and I know they will be able to help members to help more of their clients.

“Despite still being a relative newcomer in the lending world, having launched in August 2017, this award-winning team’s approach to broker support has very much impressed me, particularly their belief and understanding that our business is very much a people-based industry where technology supports through speed and efficiency.”