The lender has sanctioned facilities worth over £155m, as well as current advances of £80m worth of funds to clients.

The news follows a year of rapid growth for STB, which saw the bank report a 379% rise in total profit after tax.

“To hit this milestone after just two-and-a-half years is a remarkable accomplishment for the team and firmly cements our position among other lenders in the UK market,” said John Bevan, managing director at STB Commercial Finance (pictured above).

“Our flexible approach has been central to this growth.

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“Taking the time to understand the challenges that our clients may face has differentiated us in the market, allowing the business to consistently punch above its weight with the larger lenders.”

Key transactions over the past year include a £4m asset-based lending facility to London-headquartered Trueform Engineering and a £1.75m funding line for Preston-based Independent Inspections Group.

Most recently, STB provided a £2m invoice finance facility to Bristol-based Stage Electrics Partnerships, which has worked on shows including The Great British Bake Off.

“We have already seen our funding deliver strong results for businesses across the UK, and we look forward to continuing to work with more ambitious management teams to help them achieve their growth objectives,” added John.