Lloyds Banking Group funded 107,000 start-ups last year through the Funding for Lending Scheme (FLS).
Lloyds made a commitment to support 100,000 start-ups across the Lloyds Bank, Halifax, TSB and Bank of Scotland brands.
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The overall figure includes start-ups supported by the TSB brand from H1 2014 only, before it was sold by Lloyds Banking Group.
A spokesman for Lloyds said that all the businesses approved had turnover of least £1m (1.31m) a year, but were not associated with specific asset finance loans, and that Lloyds approved eight out of ten loan and overdraft requests across its SME lending network.
Alison Brittain, group director, retail division said: "Small businesses are vital to the UK economy and we’re proud to support the next generation of entrepreneurs."
The Trends in Lending report published by the Bank of England at the end of last year said the Funding for Lending Scheme net lending to SMEs was down £400m (507.26m)
The Bank of England said gross lending by all UK major financial institutions (MFIs) to UK non-financial businesses increased by 21% in the twelve months to August, compared to the previous period.
In December of last year the UK Chancellor for the Exchequer George Osborne said the FLS would be extended for an extra year until 29 January 2016.
