A NEW bank which has been set up to specialiase in small businesses has appointed a York-based broker.

Shawbrook Bank launched earlier this week, with a mission statement to offer finance for businesses from £50,000 to £1 million.

Now, Acorn Commercial Finance, based at Clifton Moor, has been appointed as one of 90 brokers nationwide to provide packages for businesses in Yorkshire.

The firm will also partner with Shawbrook Bank to look after the licensed and hospitality trade nationwide.

Owen Woodley, chief executive of Shawbrook Bank, said: “When we created Shawbrook Bank we spent time listening to the needs of small businesses. We have chosen to operate through brokers rather than a branch network which makes us efficient and agile, and we make fast, robust decisions based on common sense and knowledge of our customers – not a computer score.”