Secure Trust Bank (STB) Commercial Finance has funded over £2bn worth of client invoices since launching in 2014.
The lender reached the £1bn figure in May last year and in the past 12 months has doubled this figure.
The announcement coincided with its annual results, which revealed that customer lending balances had also doubled for the second consecutive year to £126.5m.
These results have allowed STB to expand its offering across the UK and it has opened a new office in Birmingham, headed by regional managing director David Parsons.
A new office is also set to open in Leeds under the regional managing director John Gribbon.
“Having hit the £1bn milestone last year, to double this figure in only 12 months is a fantastic achievement,” said John Bevan, managing director at STB Commercial Finance (pictured above).
“We have firmly established ourselves as one of the leading providers of alternative finance in the UK market, and the team at Secure Trust Bank Commercial Finance has been pivotal to this exceptional performance.”
The asset-based lender has been particularly active in recent months, where it provided £15m to high street fashion chain Jigsaw.
STB Commercial Finance also lent £35m to Meridian Metal Trading.
“Our flexible approach to lending – combined with knowledgeable deal leaders who understand the complexities and challenges businesses face – is what sets us apart from other lenders,” added John.
“With a number of regional offices and appointments in the pipeline, we are looking to maintain our exceptional level of service and continue our work with ambitious management teams across the UK.”
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