Specialist loans distributor Enterprise Finance says it has arranged more than £100m of short-term loans during 2013 to date.

This is an increase of more than 50% on last year, when Enterprise Finance arranged £64m of short-term loans in the same period (to mid-May).

At the current growth rate, Enterprise Finance is on target to arrange £210m of loans by the end of the year.

Danny Waters, CEO, Enterprise Finance, said: “To hit £100m of loans so early in the year underlines the continued strength of the short-term finance sector. From an already strong starting point, the market has gained even more momentum over the past year.

“It has been helped, of course, by the improvement in both pricing and LTVs, which is attracting ever more brokers and borrowers.

“Internally, we’ve been boosted by some new distribution relationships as well as staff hires, which have enabled us to accommodate the increased demand.”