The company saw over £10m worth of loans come from intermediaries in the final quarter of 2011.
The lender said it expected this figure to rise as both the amount of referred business and the value of their clients’ personal assets continued to rise.
Paul Aitken, chief executive officer at borro, said: “With the banks making it hard for many people to access unsecured lending facilities, many intermediaries have recognised that valuable personal assets can be used in certain circumstances to raise funds without lengthy bank processes or utilising property as a guarantee.
“Financial advisers and wealth managers are becoming more aware that borro can offer some of their clients an alternative, fast and transparent lending channel.”
