Specialist loan distributor Enterprise finance has reported that it has arranged more than £100m in short term loans during 2013.
This represents a 50% increase in last year when Enterprise arranged £64m during the same period (to mid-May).
Danny Waters, chief executive office of Enterprise Finance, said: “To hit £100m of loans so early in the year underlines the continued strength of the short-term finance sector.
“From an already strong starting point, the market has gained even more momentum over the past year.
“It has been helped, of course, by the improvement in both pricing and loan to values, which is attracting ever more brokers and borrowers.
“Internally we’ve been boosted by some new distribution relationships as well as staff hires which have enabled us to accommodate the increased demand.”
At its current growth rate Enterprise is on target to arrange £210m of loans by the end of the year.