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.
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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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