The Hertfordshire-based lender hit the new milestone, despite six loans redeeming in May totalling over £7m with the largest being almost £4m. 

TAB chief executive and founder Duncan Kreeger says: “Over the course of the last six months we’ve been working hand in hand with brokers and June has been no exception.”

“We have done some massive multi-million pound deals as well as some really fast ones where our tech has been tested as we speed up applications – and one mega-loan which was both quick and large. It’s a testament to our products, our pricing, and our service proposition.”

“We have access to institutional funding as well as capital from private investors. My target was for TAB to lend £200m this year. Given we’ve already lent more in the first first five and a half months  of 2022 than we did in the whole of 2021, we’re going to knock this target out of the park.”