"This enhancement to our working capital proposition gives us an even greater ability to support SMEs with the liquidity they need. "
- Josh Levy, CEO of Ultimate Finance
Asset based lender, Ultimate Finance, has enhanced its working capital proposition by increasing its maximum cashflow loan size to £500,000 as part of a wider asset-based facility.
The cashflow loan, which sits alongside an invoice finance or structured finance facility, can be taken over a three-year term and used for key business events such as acquisitions, mergers and succession planning as well as for other growth opportunities.
Ultimate Finance’s working capital finance proposition provides funding up to £7m and includes sector specialisms for construction and recruitment businesses, as well as a trade finance offering. It can also provide up to £10m via a structured finance facility - a multi-asset solution where clients can borrow against a mix of receivables, plant and machinery and/or property.
Josh Levy, CEO of Ultimate Finance, said: “As we continue our mission to be the funding partner of choice and look to drive further growth in our loan book, this enhancement to our working capital proposition gives us an even greater ability to support SMEs with the liquidity they need. We look forward to working in partnership with our network of introducers and advisers to deliver this.
"Specialist lenders will continue to provide businesses with strategic funding options to fill the mainstream funding gaps and this increase to our cashflow loan, we know will be well received by introducers and their clients.”
