Lending has increased 30% at asset finance provider Arkle Finance during the first half of 2019, compared to the same period last year.
The increase included a 56% year-on-year rise in lending during May and 32% growth in June.
Founded in 1997, Arkle Finance is an asset finance provider for around 5,500 consumers, SMEs and large businesses throughout the UK. As well as asset finance, the company provides renewable energy asset finance, marine finance and specialist finance for educational institutions.
Arkle Finance currently works with more than 150 finance brokers and predominantly provides facilities of up to £500,000 over periods ranging from 18 to 84 months.
The first half of the year has also seen several new appointments.
Ian Smith joined Arkle as an account manager after working as a broker manager in Shawbrook Bank’s asset finance division.
Clare Peel joined as account manager after working as a relationship manager at Shawbrook Bank and business development manager at Hampshire Trust Bank.
Brian Jerome (pictured), associate director at Arkle Finance, said: "We are delighted with our performance during the first six months of 2019. We continue to strengthen our service offering in tandem with our expertise and ambition and we remain committed to providing an expanding range of asset finance solutions to our brokers for their clients, delivering the equipment finance they need - whether as a business or as a private individual.”
