"Our fully digital offering means UK scale-ups can rapidly access the funding they need to grow and scale."
Esme Loans, the NatWest-backed digital lending platform for SMEs, has announced a 20% increase in lending over the past eight weeks, taking total lending to £60m since its launch in 2017.
The firm, which provides fast unsecured loans of between £10,000 to £150,000, has lent over £10m to UK SMEs in the eight weeks since late April.
The £60m of lending is made up of loans to a broad range of sectors, including wholesale retail, administrative, support and manufacturing.
Richard Kerton, CEO and co-founder of Esme Loans said: “SMEs want to be able to access loans faster, without the hassle of lengthy application forms. We’ve listened, and our fully digital offering means UK scale-ups can rapidly access the funding they need to grow and scale.
"We are proud to enable UK businesses and are ready to lend as we look forward to helping many more in the future.”