Credit Finance reports 36% Business Lending rise

Credit Finance has revealed that it is on course for a record-breaking 2022 after it increased the
total amount lent to businesses by more than 36% during Q3. The alternative business lender
also saw a rise in its average loan size from £750,000 to £2,200,000, while the total increase in
demand in applications was up by almost 12% in Q3.
Credit Finance saw major growth in the construction industry, with a 91.2% increase in loans
deployed, while oil and gas was up 38.1%. Meanwhile, loans deployed to information and
communication companies grew by 44.5%. Since its launch twelve years ago, Credit Finance
has lent over £500m to UK and European SMEs off its own balance sheet and is on track to
lend over £42m by the close of 2022.
"The significant rise in lending we have seen in the construction and real estate sectors prove
there is still demand for property development in the UK," said Leonardo Bonetti, co-founder
and managing director at Credit Finance Ltd.
"As for the information and communication industries, I'm glad to say we're part of the
technological innovations happening in Britain and we're helping turn these businesses into a
reality.
Bonetti added: "We want to continue doing right by entrepreneurs, especially in a time of such
unease in the UK and across Europe. "This has been a very exciting year for Credit Finance so
far and we're well on track for achieving what once seemed like a hugely ambitious target.

Company Name: Credit Finance Ltd.
Address: 2nd Floor, College House, 17 King Edwards Road,Ruislip, HA4 7AE, London, United Kingdom
Website: www.creditfinance.co.uk
Press Contact: Donald Bricks (donaldbricks85@gmail.com)

We're a multi-award-winning digital business lender dedicated to providing businesses across
Europe with flexible finance, done properly. Our mission is to empower businesses to unleash
the potential of their ideas with the knowledge, tools, and financial flexibility they need to thrive.
Since launching in 2010, we've lent millions to small businesses all over the UK and Europe,
won a ton of awards, and helped thousands of business owners to fulfill their ambitions - and
we're just getting started.
Our business loans have become a popular alternative to paperwork intensive bank loans,
expensive merchant cash advances, and other creative forms of financing disguised as true
business loans.
Business owners can apply online in under 10 minutes, get pre-qualified, and get funded after
approval in as fast as 48 hours.

This release was published on openPR.