Lending from members of the National Association of Commercial Finance Brokers (NACFB) to UK small businesses increased by 20% year-on-year to £12.7bn (16.1bn).
This was almost double the £7bn recorded five years ago in 2009 at the height of the credit crunch.
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The greatest increase came from arranging vehicle finance which more than doubled from £405,227,092 to £834,771,401.
Leasing and asset finance also recorded strong growth, up 17.8% year-on-year to £2,721,020,575.
Adam Tyler, chief executive of the NACFB, said; "Availability of funds is no longer the issue, but there are still significant barriers facing SMEs who are looking for finance. Small businesses don’t have to rely on their high street bank for credit, but few are aware of the full range of alternatives out there – or that an independent broker will be able to match them with the best lender for their needs."
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By GlobalData
