Entrepreneur bank OakNorth had lent £100 million by last June — this year it lent £100 million in a month

Khosla said the loan book growth shows that there are still good, growing businesses in the UK post-Brexit. But he said he is beginning to see companies suffer from a shortage of talent.

“Clearly availability of people is becoming an issue,” Kholsa told Business Insider. “I’m hearing that the labour market is tightening. It’s especially a concern in retail, restaurants — anything that’s consumer facing.”

Roughly half of OakNorth’s loan book is to house builders and the bank says it has helped fund 2,000 new homes in the UK. OakNorth recently hired Hemesh Patel from Investec and Eamonn O’Rourke from Titlestone Property Finance as Property Finance Directors to help support this side of the busines. OakNorth now has 140 staff across the UK.

Ben Barbanel, who heads up OakNorth’s debt finance team, said in a statement:

“At the beginning of the year, we said that we would lend £500m to SMEs based on our pipeline at the time, so to reach £430m with another four months left to go in the year, is an amazing accomplishment. In addition to this, we’ve had over £150m in repayments, demonstrating the quality of businesses we’ve lent to, and a quarter of our deal flow now comes from existing clients – a testament to the strong relationships developed by our team.”