The peer-to-peer lender was behind Royal Bank of Scotland Group and Lloyds Banking Group after lending £91.5m during the period.
"Whilst the Funding for Lending scheme has helped, take up has not driven substantial increases in net lending because it doesn't solve the cumbersome bank lending process,” said James Meekings, Co-founder and UK Managing Director of Funding Circle.
“New forms of innovative finance are growing exponentially however, as they offer a fundamentally better all-round experience to small businesses."
Challenger banks Aldermore, OneSavings and Shawbrook also made it into the top 11 list.
The list and the net lend to SMEs for the third quarter can be found below:
|
FLS participant |
Net lending to SMEs Q3 2015 (£m) |
|
RBS Group |
290 |
|
Lloyds Banking Group |
275 |
|
Funding Circle |
91.5 |
|
Aldermore |
83 |
|
Arbuthnot Latham |
77 |
|
Yorkshire Building Society |
38 |
|
Close Brothers |
35 |
|
OneSavings Bank |
26 |
|
Julian Hodge Bank |
22 |
|
Cambridge & Counties Bank |
21 |
|
Shawbrook Bank |
16 |
|
|
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