N1 Holdings Limited announced that it continues to expand its SME lending capacity. Since its last announcement concerning available committed capital available for lending on 24 March 2021, the Company has raised an additional $40 million bringing the total capital available for lending to $70 million. This additional $40 million comprises: $5 million raised by the Company and One Lending Fund since 24 March 2021; and $35 million in debt capital provided under a debt facility executed between the Company and GCI SME Mortgage Fund (Facility). The Facility is for a term of 24 months. The Facility contains a number of customary conditions precedent for debt facilities of this type (including the registration of security interests and provision of legal opinions). The Company's available committed capital amount comprises both balance sheet capital and capital from its SME mortgage fund (One Lending Fund). One Lending Fund is a wholesale, property-backed pooled mortgage fund that specialises in short-term SME lending and is managed by N1H via its wholly owned subsidiary, N1 Asset Management (AFSL 477879). SME lending by the Company and One Lending Fund is secured with mortgages over Australian residential and commercial real estate predominantly based in NSW, VIC and QLD. Supporting these loans is also a strong pipeline of applications and settlements.