Praetura Asset Finance grew its lending 54% year-on-year in the first quarter of 2018.
The company said total amount lent rose 16%, with double-digits growth in the Midlands and Scotland, as well as a three-fold increase in deals in the South, where the company appointed a business development manager last year.
Assets classes funded over the period included plant, machinery and vehicles, as well as classic cars, motorcycles and antique rolling stock.
Praetura recently expanded drawdowns of a wholesale credit line from RM Secured Direct Lending, drawing down £8m (€9.2m) of a total £10m available.
Mike Hartley, managing director, said: “Once again, we’re posting record-breaking numbers, which is testament to the service we offer, in partnership with our supporting brokers.
“We are a ‘consultant lender’ whose job is to listen and advise, then make decisions based upon understanding and experience. This can make a big difference to the businesses we are funding.”
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