Investors have shown "serious interest" in a further £100m tranche.
JLG Group has raised £85m through the placing of corporate bonds to fund its 2020 growth plans.
In 2016 JLG was the first alternative lender to raise funding in this way with the bonds being backed by its portfolio of business loans.
“Our bond programme is a stable and controllable funding vehicle that is far less likely to be impacted by external headwinds,” said John Davies, JLG’s Executive Chairman.
“The success of our bond programme can also be measured by the fact we have now redeemed the initial £23m three year bonds issued in 2016.
JLG says it plans to double its loan book next year after a strong 2019, with a further £100m of funding in the works from a range of institutional investors who have shown “serious interest”.
“We have enjoyed a successful year with growth in our loan book of just over 100% while keeping capital losses at industry leading low rates,” said Davies.
“Importantly for investors we continue to prove that our business approach works and we are confident of a further 100% growth of our loan book over the next 12 months.”