This takes the total value of loans on their books to £800m and total assets to more than £1bn.
Ian Wilkins, group managing director of commercial finance at Aldermore, said: “At a time when the big banks are falling short of their business lending targets, Aldermore is exceeding all expectations.
“In July, Aldermore’s invoice finance business made over £130m of funding available to SMEs which is an increase of 42% over the same period last year. The invoice finance market has grown by less than 10% over the same period.
“At the same time, our asset finance business which only started lending last year boosted the bank’s balance sheet by £100 million, with £32 million of new loans being written last month.
“We have clearly demonstrated our ambitions and willingness to lend to deserving small and medium sized businesses throughout the country.
“In a short space of time we have developed a specialist SME lending proposition which is in tune with the needs of our customers and is capable of providing a fast, reliable and high quality service.
“Aldermore has attracted an impressive team of industry experts who are looking for ways to make deals happen and who are enthused by what we are able to offer.”
