UK invoice finance provider, Bibby Financial Services (BFS), said it increased funding provided to small and medium sized businesses from £392m to £415m between July to the end of September this year.
In a statement BFS said it represented a 5.8% increase on its loan book in three months.
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David Postings, BFS chief executive, said; "Businesses are starting to become aware of the range of funding options available and many are turning away from traditional sources of finance. Throughout the summer months and into the fourth quarter of the year, funding enquiries have increased significantly, resulting in our best ever month in July, followed by strong performances in August, September and October."
In October Bibby opened a new branch in Birmingham, which is its 18th regional office in the UK.
Formed in 1982, BFS is part of the Liverpool-based Bibby Line Group, a 200 year old business services company. Today, the business finances 7,000 businesses in over 300 industry sectors throughout the UK.
