Somo joins Swoop giving brokers direct access to its bridging and second charge products
Somo, the award-winning specialist bridging and short-term finance lender, has joined the lender panel at Swoop, the business funding platform that connects businesses, brokers and advisors with loans, equity finance and grants.
The move means brokers using the Swoop Broker Suite can now source Somo’s first, second, third and equitable charge loans alongside the rest of Swoop’s lender panel, which spans high street banks and alternative lenders.
Somo lends from £27,500 to £3 million, with terms from one month to three years and up to 75% LTV, and is known for its competitive second charge pricing. Intermediaries will be able to compare Somo’s products and submit cases through a single digital platform, without sourcing each loan manually.
Joining Swoop puts Somo’s products in front of a wide network of brokers and advisors at the point they are sourcing finance for their clients, while giving them a faster, clearer route to a lender that assesses each case on its individual merits.
Victoria Barnard, Head of Networks at Somo, said:
“Brokers want to find the right lender quickly, and Swoop’s platform gives them a clear, efficient way to do that. With Swoop’s reach across brokers and advisors, joining the panel puts Somo’s products in front of more intermediaries at the point they’re sourcing, so they can see what we offer and move cases forward with confidence. It’s a natural fit with how we already work: close to the broker, and focused on getting deals done.”
Connor Kerry, Head of Appointed Representatives Channel said:
"We’re delighted to welcome Somo to the Swoop lender panel, further strengthening the range of specialist funding solutions available to our clients. Adding Somo’s expertise in bridging and short-term finance gives brokers greater choice and a streamlined way to source suitable funding for their clients." -
Somo’s products are now live on Swoop and available to brokers using the Swoop Broker Suite.
