Equipment Finance News

Record lending for Ultimate Finance

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Ultimate Finance Group says its total loan book to the UK’s SME sector has grown by a third in the last 12 months to exceed £100 million for the first time, with the company now looking to expand its activities.

The independent finance provider reports it has significant further funds available and is pledging to support businesses during the period of post-Brexit economic uncertainty.

“The vote to leave the EU has caused concern for a number of our clients and for the wider business community,” explained Ron Robson, chief executive officer of Ultimate Finance.

“In uncertain times it is vital that businesses have stable and reliable funding partners that they can rely on and who will not, as the cliché has it, ‘remove the umbrella when it starts to rain’,” he said.

Robson highlighted that as part of Tavistock Group, Ultimate Finance has access to significant financial resources and is not dependant on financial markets or banks for funding.

“As a privately owned business ourselves, we understand the realities and pressures facing our clients and stand alongside them,” he said.

Describing the £100 million landmark breakthrough as “just the beginning”, Robson said Ultimate Finance has ambitious growth plans, both to strengthen its position across the traditional areas of asset, invoice and trade finance, and to bring a pipeline of new products to market to address the changing needs of UK businesses.

“We will continue to extend our geographical reach, providing a locally based service, backed up by the strength and commitment of a national business,” Robson said.

“At heart and in action, we are very like the clients we serve,” concluded Robson. “We are a lean, flexible and helpful team that specialises in giving small and medium sized businesses the support they need to respond swiftly to changing situations. With ample funds to lend, a passion to see our clients succeed and experienced staff that have the freedom to use their own initiative, we are in a great position to ease post-Brexit business woes and surpass our own ambitious expansion plans.”