IGF funds £53m to SMEs in H1 2017
IGF, the leading commercial finance provider for SMEs, has reported strong year-on-year growth in the first half of 2017, with a 180% increase in funds out to £53m invested in businesses across the UK.
The sales volume within IGF’s clients was 87% higher in H1 2017 than in the same period last year.
Other notable results include:
• 49 new businesses were funded over this period
• The IGF team has increased by 33% to 56 employees
• IGF’s gross income has increased 70% to £3.1m
Mark Lindsay, managing director, IGF, said:
“The start of the 2017 financial year has undoubtedly been a success for IGF, and is a pattern we want to continue as we move into the second half of the year. The growth has come across the whole business with our ABL capabilities contributing significantly to these results.
“Approaching 2018, we are keen to continue hitting our ambitious targets to provide larger facilities to more clients. We will continue to hire top quality people to help us build a strong business.”