Fexco Asset Finance (FAF) has exceeded €100 million in its loan book, marking a significant milestone in its lending activity to small and medium-sized enterprises (SMEs) across Ireland. The achievement highlights continued growth in business finance as companies invest in assets, manage cash flow and expand their operations.

In an article by Irish Independent, FAF has recorded sustained lending growth since 2016 across several sectors, including transport and logistics, construction, agriculture and manufacturing. The company said lending increased by 165% in transport and logistics, 125% in construction, 310% in agriculture and 110% in manufacturing over the period.

According to FAF, the expansion reflects the strength of its lending model, long-standing customer relationships and increasing demand from Irish SMEs for flexible finance solutions. The company said it has maintained a disciplined approach to growth while continuing to prioritise customer service and long-term relationships.

FAF also attributed its growth to continued investment in customer and supplier channels, together with the experience of its sales team and its focus on delivering speed, flexibility and service. The company provides asset finance to SMEs across the Republic of Ireland, helping businesses invest in essential equipment while managing working capital requirements.

Executive Director and Chief Executive Mike O'Halloran said: “It is a testament to the trust our customers place in us, the strength of our partnerships, and the dedication of our team. As Irish businesses continue to invest in growth and innovation, we are excited to play an even greater role in supporting their ambitions with flexible, responsive finance solutions.”

FAF's lending activities are supported by Fexco and the Strategic Banking Corporation of Ireland (SBCI). Chief executive Colin Moran said: “This achievement highlights the vital role that alternative lenders play in supporting the SME economy, and we look forward to continuing our strong partnership to deliver further impact for businesses across Ireland.”

The company said it remains focused on building on this momentum by supporting more Irish businesses as they invest, expand and pursue future growth opportunities. It added that access to finance continues to play an important role in helping SMEs develop while complementing traditional sources of business funding.