The commercial finance provider has invested a total of £53m in SMEs across the UK during the first half of 2017.

IGF funded 49 new businesses across several regions and sectors via invoice finance and asset-based lending (ABL).

The lender provided £8.95m to 12 businesses in the South East, as well as £2.18m to London-based companies.

Six funding lines were completed across the Midlands totalling £5.9m, while £5.95m was provided to businesses in the North West and Yorkshire.

IGF’s clients reported that sale volumes increased by 87% in H1 2017, compared with the same period last year, while the average funds in use per client rose by 120%.

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Mark Lindsay, managing director at IGF (pictured above), 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.”

IGF recently announced a series of new hires at its Tonbridge head office and operations centre, as well as adding three new employees to the national sales force.

The business funder expects to make new additions to its team over the coming months.