Optimum Finance boosts SME lending by over 330%

Optimum Finance has increased its lending to SMEs by more than 330% during 2018.

The invoice finance provider lent £60.9m to SMEs in its second year of trading, supporting companies across the UK in a range of sectors, including recruitment, manufacturing, wholesale and professional services.

Optimum Finance provides bespoke funding solutions for SMEs to allow them to release cash tied up in client and customer invoices. 

The lender aims to continue its growth with plans to lend more than £150m over the next 12 months.

To assist with this, Optimum Finance welcomed 14 new experienced professionals to its team over the past 12 months.

Richard Pepler, CEO at Optimum Finance, said it was proud of its rapid growth.

“This is further evidence of how many more SMEs and accountants are choosing invoice finance solutions to fund growth and development while protecting cash flow.

“Our experienced team is committed to supporting SME growth and [has] a proper understanding of the needs of small businesses. 

“We do not take a one-size-fits-all approach, but tailor our financial solutions to suit each individual client.

“We’re really looking forward to working with many more fantastic businesses in 2019.”

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