In total, the alternative finance lender has now lent more than £350m to UK SMEs.
ThinCats said that it now had £800m of capital to lend to UK SMEs across all regions and sectors, with loans from £250,000 up to £10m.
- ThinCats announces £200m funding agreement
- ThinCats reveals £300m funding agreement
- Business borrowing contracts by 1.7%
John Mould, CEO at ThinCats (pictured above), said that 2018 had been a fantastic year for ThinCats.
“Our strong regional and bespoke approach to lending continues to gain support from mid-sized SMEs and the professional business finance community.
“The message is beginning to get through that the banks can’t match the flexibility or long-term investment outlook offered by institutional and retail funders.
“I expect this trend to continue and I would encourage more businesses to look at alternatives to the banks.”
Damon Walford, chief development officer at ThinCats, added: “2018 saw our previous investments in people, data and technology really start to deliver.
“In 2019, we want to carry on where we left off in 2018.”