Ian Wilkins, Group Managing Director of Commercial Finance at Aldermore, said:
“During July, Aldermore made more than £130 million of invoice finance funding available to SMEs, an increase of 42% over the same period last year. Over the past year Aldermore’s client numbers have also increased by 22%.
"To put this achievement in context, data released by the Asset Based Finance Association shows that total advances made by all member firms grew by 12% during the same period and there was no growth in the total number of new clients.
“Our success is testament both to the commitment of our staff and to the commitment Aldermore has made to supporting SMEs. It’s our intention to further strengthen our position during the remainder of 2011 and beyond.”
Across all of its business lines, Aldermore has lent £360 million to small and medium sized businesses, taking the value of loans on its books to £800 million and total assets to more than £1 billion.
The bank has 8 regional business offices, providing invoice finance, asset finance and commercial mortgage facilities to more than 9,500 business customers.
