Over the past two years, the business finance provider has evaluated its offerings and position within the market to understand how to fill the SME funding gap.

The lender has developed a new and more varied range of products, including its business development loan, interest-only options and a commercial mortgage offering.

These developments have led to 32% more funding being provided by LDF to UK businesses in 2017, compared with 2016.

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“We’ve committed ourselves to delivering better and more capable solutions across the business, providing new products and better systems that facilitate increased opportunities to our customers, both directly and through our rapidly growing broker community,” said Peter Alderson, managing director at LDF.

"It’s no secret that UK business owners need more support, be it to scale up and invest in their operations or simply to aid cash flow.

“We know our customers have choice within the market and, as such, we are extremely proud that more businesses than ever before have chosen to do business with LDF, via both new and existing relationships.”

As well as the creation of new products, LDF also increased its personnel with new hires and removed jargon as it opted to talk plainly and simply to its audiences as it looked to create a less bureaucratic approach to lending.

“In terms of what the future holds for us, it’s quite simple,” added Peter.

“We will continue to do more of the same, delivering substantially increased opportunities for finance to small businesses across the UK, ensuring that we continue to deliver the most appropriate solutions to our customers ever-changing needs.”