Just Cash Flow plc (JCF) has announced it is celebrating its first million pound milestone, after only soft-launching in March.

New lender JCF celebrates getting its first million into the hands of UK businesses who are hungry for an injection of working capital, where the NACFB patron member has also predicted it will double its loan book this month.

JCF provides a complete mirror of a normal bank overdraft - the most popular way companies fund their day to day business.

Commenting on their first milestone Chief Executive John McLellan said: "We commenced with a soft launch in March and have been stress testing our infrastructure since then - but with the help of Medianett, who have been conveying the opportunity to partner with us to the Broker and Intermediary community and the willingness of NACFB members to bring the product we provide to their clients we already have a pipeline of business that should see us double our loan book in July.”

“Government research suggests that there is a funding gap of billions of pounds as young and growing companies struggle to get their hands on much needed growth capital and this represents a huge opportunity for brokers to extend their client basis, offering them new and innovative products and solutions - and not just from us.

“Our target is to get our funded facilities beyond the £10m threshold by the end of the third quarter and then build on that as more confidence permeates through the UK economy.

John added: “We'd like to thank those Brokers and the nice people at Bridging and Commercial for getting us past this first milestone.”