UK bank Aldermore has lent £2bn (2.4bn) to businesses since starting business in the summer of 2009, with £378m of the total lend in the form of asset finance.
The bank’s asset finance business was started six months after the bank opened in January 2010.
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A combination of commercial and residential mortgages and invoice finance loans make up the rest of the fledgling bank’s loan book.
Aldermore joined the Funding for Lending scheme, run jointly by the Bank of England and HM Treasury, in the summer of 2012 and recent data from the UK central bank showed private equity-backed Aldermore was the fifth largest net lender taking part in the SME credit easing programme.
Phillip Monks, chief executive of Aldermore, said: "Since the financial crisis the big banks have been shrinking their loan books. Increasingly SMEs have found themselves refused credit despite being quality businesses and so they are coming to us because we will take a balanced view of their business and support their growth aspirations."
Aldermore has also garnered more than £2bn in savings from both retail and business customers and grew its client base by 52% last year.
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