UK broker and lender Kennet Equipment Leasing has reached £20m (28.5m) in own book receivables.
Last year, Kennet was acquired by private equity firm STAR Capital Partners (STAR) for £100m.
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According to the company, this investment allowed it not only to be considered a broker, but also a "challenger bank."
The company aims to hit £50m in own book receivables by 2017.
Steve Swift, managing director at Kennet, said: "It is our primary commitment to build Kennet into one of the largest UK leasing finance providers for SME businesses. We are already well placed to hit our target of £50m of Own Book receivables by 2017; having set our £20m target to be met by the end of 2015, we have achieved this 6 months ahead of schedule."
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