The company has written almost 8,000 deals in the past year, with an average loan size of £36,000.

Since its book started in 2014, White Oak UK has funded more than 30,000 businesses.

One of the companies which contributed to White Oak’s achievement is Willow Tree Interiors, a design firm specialising in handmade English kitchens.

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Carl D’Ammassa, CEO at White Oak UK, said: “This achievement is a testament to White Oak UK’s commitment to supporting businesses with access to simple and accessible finance solutions.”

Luke Stanger, managing director at Willow Tree Interiors, commented: “White Oak UK has aided the much-needed growth within the business, allowing us to expand in what are challenging times.”