Growing in company figures sees Ultimate Finance funding grow by 47%
Leading SME funding spouse, Ultimate Finance has declared a record-breaking year of financing, with a 47% growth in money lent to UK businesses, after investment in its national footprint, electronic supplying and its strong core product range.
Greater growth has been particularly strong across its Invoice Finance (up 42%), Asset Finance (72 percent) and Trade Finance (44%).
The lender also introduced two new products to advertise, the Cash Advance — the ‘fastest loan on the market’ — and Purchase Finance, a unique product which enables businesses to finance the purchase of goods such as perishables and raw stuff.
Ultimate Finance appreciated growth in its customer base. Ultimate Loan clients increased by 78%.
The business expanded its footprint, opening another branch in Maidstone to help businesses in the South East, and moving to accommodate a rise in headcount.
Ron Robson, CEO at Ultimate Finance, commented: “The reason for the investment is simple. Our team listen to about the issues and speak to business owners they are faced with. It has been a tricky year as a result of political uncertainty. In spite of this, the number of active businesses in the UK has continued to grow and finding ways to better support them and meet their requirements with new and special merchandise was extremely important for us.
“I think the consequential increase in financing demonstrates the group’s unwavering commitment to the small business community. The success we have achieved in the last 12 months is down to the unique hard-work as we seem to 2018, championing small businesses will stay a high priority and we expect to keep on making waves in the industry.”