Aldermore exceeding its commercial lending targets

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Aldermore has lent £360 million to small and medium sized businesses over the past 12 months.

This takes the total value of loans on its books to more than £800 million and total assets to more than £1 billion.

Ian Wilkins, group managing director of commercial finance at Aldermore, said: “At a time when the big banks are falling short of their business lending targets