Bolton loan broker celebrates booming 2013

A Lancashire-based secured loan broker is celebrating a bumper end to 2013, with a final total of £72million of loans completed, up 30 per cent on last year and beating its £60million target.

Turnover for Fluent Money, of Bolton, has also increased by 30 per cent compared to 2012, continuing their rapid growth trajectory since its launch in 2008.

2013 saw the average loan size applied for increase by an average of £2,000, almost 10 per cent more than the same time last year.

Earlier this year Fluent Money smashed its own record for loans completed in one month, with close to £8million completed in November alone.

New enquiries were up year on year by 14.5 per cent, and completion rates were also boosted by almost 4 per cent.

Kevin Hindley, joint managing director of Fluent Money, said: “While the recession was a challenging time for most businesses, as a result we have seen an increase in efficiency, more innovative ways of working, and a more competitive edge from SMEs across the North West.

“This is certainly true of our company. We are very proud of the results we have achieved this year, and look forward to a great 2014.”

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