Its bridging finance division has seen new business levels rise by 14% compared to the second half of 2021, on the back of product enhancements.
Meanwhile, the lender’s working capital and asset finance new business levels went up by 58% and 27% respectively on H2 2021.
Ultimate Finance’s asset finance division also achieved a record-high loan book of over £80m in H1 2022.
To fill in market gaps, the alternative lender has relaunched its structured finance proposition, now with an increased deal size of £10m.
- Choosing the right bridging lender for larger loans
- Ultimate Finance bolsters asset finance sales team
- Ultimate Finance welcomes regional director for Scotland
Josh Levy, CEO at Ultimate Finance (pictured above), said: “The challenges that businesses are currently experiencing with the difficult economic climate means that access to liquidity is more important than ever.
“Having the right funding partner is crucial and, as an independent lender celebrating our 20th year, Ultimate Finance is well positioned to use its range of products creatively to provide the right finance solutions at the right time.
“This first half of the year has seen us lend to an increasing number of businesses, while supporting our existing clients with the additional cashflow they need to achieve their ambitions — this is testament to the strong personal relationships we build with them as their funding partner of choice.
“We will work tirelessly alongside our introducer partners to use our combination of funding and personal service to keep business moving in the next six months and beyond.”
To continue helping more SMEs with asset-based lending solutions, Ultimate Finance has recruited five new regional directors to further expand its reach.
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