Finance specialist announces record lending for 2022
Specialist asset-based lender Ultimate Finance provided funding of more than £2.1bn to UK SMEs in 2022, with more than 1,200 new facilities to help keep business moving.
During a time where the business, political and economic landscapes continued to be turbulent, the lender saw growth in its loan book to a record high of £283m.
Josh Levy, CEO of Ultimate Finance, which is headquartered in Bristol, said “2022 marked our 20th anniversary and we are proud to have supported over 3,000 businesses with tailored funding facilities. These record performances across all areas of our business are a demonstration that our strategy continues to deliver strong results and we remain committed to supporting the ambitions of SMEs and property investors through the challenges ahead.
“SMEs are the first to experience difficulties accessing finance during times of economic volatility, yet by virtue of their size rely disproportionately on external finance for cashflow and investment opportunities. Against a backdrop of rising interest rates, inflationary pressures and the cost of living crisis, we have continued to accelerate our origination levels at a time when credit conditions elsewhere have been tightening.
“Our strong capital base, growing and robust loan book, relationship driven approach to funding, and partnerships with our key introducer network will ensure we fund even more businesses in 2023 and make it another successful year for Ultimate Finance.”
