The facility will allow the business lender to increase its funding to UK SMEs after helping thousands achieve their growth ambitions.

Alex Littner, managing director of Boost Capital (pictured above), said the new funding line would help it meet the rise in demand as well as continue with its own growth plans.

“More and more businesses are looking to us to play a part in their growth, so much so that we have rapidly increased the size of our team.

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“We’ve expanded by 100% in the last two years and have recently had to move to a bigger head office to support our growing team.

“We have chosen to work with Atalaya because of [its] understanding of the SME sector, and are delighted to have them on our funding panel.”

Rob Flowers, partner at Atalaya, added: “As part of Florida-based BFS Capital, Boost Capital has firm foundations in the US, where the funding of the business sector is very mature and well understood.

“[Its] development in the UK has been impressive in terms of both the breadth and quality of [its] book and we are pleased to be part of [its] growth ambitions.”