The SME lender also reported a 60% rise in the number of asset finance clients in the same period.
“I am delighted at the phenomenal achievement of our asset finance team,” said Andrew Ribbins, managing director of asset finance at Ultimate Finance (pictured above).
“The success of many businesses depends on being able to invest in key assets that may be a significant outlay – asset finance helps them accomplish this in a way that supports a business to grow, as well as look after the day-to-day operations.
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“More and more businesses are coming to us for our asset finance, which is in recognition of our experience and the personalised service we offer – there is no one-size-fits-all answer when it comes to SME funding.
“It is testament to the team – and the relationships we are building with our existing customer-base – that our annual figures are showing such a leap.”
The increase in lending has been matched by an internal expansion of the team, with the company reporting a 50% increase in asset finance staff this year.
1 Comments
Glenn D Blackman
Impressive growth figures, especially with client numbers rising almost in sync. Businesses are seeking out these kind of financing options more and more.