Specialist asset-based lender Ultimate Finance has made a significant move by increasing its maximum cash flow loan size to £500,000. This enhancement comes at a crucial time for SMEs facing additional pressures and cash flow difficulties post-recent budget announcements. The Working Capital proposition now offers a three-year term and can be utilized for various significant business events like acquisitions, mergers, and succession planning, along with other expansion opportunities.

CEO's Perspective

Ultimate Finance CEO Josh Levy emphasized the importance of this enhancement. He stated, "As we strive to be the Funding Partner of Choice and aim for further growth in our loan book, this boost to our Working Capital proposition enables us to provide SMEs with the liquidity they desperately need. We are excited to collaborate with our network of introducers and advisers to make this a reality."

Working Capital Finance Services

Ultimate Finance's Working Capital Finance proposition meets funding needs up to £7m. It includes specialized services for sectors such as construction and recruitment, along with a trade finance offering. This multi-asset solution allows clients to borrow against a combination of receivables, plant and machinery, and/or property. The lender can provide up to £10m through this structured finance facility, giving businesses more flexibility in accessing funds.

Expansion and Appointments

Last week, Ultimate Finance expanded its Northern team with two new appointments. This shows the company's commitment to growth and serving its clients better. By adding more resources, they are better equipped to handle the increasing demand for their services and provide more comprehensive support to SMEs.

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