Lender also posts 26% increase in new business at the end of Q3
Specialist asset-based lender Ultimate Finance has reported continued growth of its loan book, surpassing the £300 million mark for the first time.
This growth follows the lender’s strong performance this year, with a 26% increase in new business at the end of Q3.
Ultimate Finance said the improvement in business figures was paired with the renewed commitment to building long term relationships with introducers and partners to help keep business moving.
We're proud to announce our latest record-breaking achievement, which sees our loan book cross £300m for the first time as we continue to support SMEs with the funding they need to meet their ambitions. Find out more: https://t.co/oOksLT5tI7#BusinessFunding #AssetBasedLending pic.twitter.com/qssMIjiEiv
— Ultimate Finance (@UltimateFinance) October 9, 2023
“I’m delighted to announce that we have reached the loan book milestone of £300 million on the back of an impressive Q3 performance with good origination levels and momentum, as well as supporting our existing customers with additional funding to help them grow,” said Josh Levy (pictured), chief executive at Ultimate Finance.
“This is another great result and one we are very proud of. This continued success is down to the consistent hard work and dedication of everyone across our business and is a great endorsement of our ongoing strategy.
“Our focus remains on managing the balance of risk and opportunity in volatile market conditions while staying consistent in our appetite and ambition. We believe our versatile asset-based solution offering and high-quality personalised service model leaves us well placed to continue our growth trajectory for the remainder of 2023 and into next year.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
