Catalyst achieves £300m funding milestone
Catalyst Finance has achieved one its biggest growth targets for 2016 and has now funded over £300m to SMEs across the UK.
In February of this year the business hit the £200m mark and in June hit £250m and has now surpassed its funding target for 2016.
The funding figure reflects the amount of invoices purchased and loans made since Catalyst started in 2012.
Jonathan Willder, CEO, said:
“2016 has become a stand out year for us. We’ve excelled in the number of deals we have completed year to date and size of the facilities we are providing has grown by 87%.
“This achievement comes off the back of our highly successful half year results too. The business is going from strength to strength and it’s clear that we are providing flexible and simple financial products which our intermediaries find easy to recommend and their clients find easy to use. Alongside this we have also recently launched our new website and a portal for intermediaries allowing them to submit leads quickly, check on the status of their applications and what commission they have earned. There are also significant growth plans for the rest of this year and into 2017 which will help us continue to successfully achieve our growth aspirations.”