It delivered its highest ever total funding advances to clients last year
Ultimate Finance, a specialist asset-based lender, has reported providing more than £2.1 billion worth of funding to small and medium enterprises (SMEs) in the UK last year, 11% higher than that in 2021.
The lender said it has remained committed to providing funding solutions despite the turbulent business, political, and economic landscapes, resulting in growth in its loan book to a record high of £283 million. It provided over £125 million in new funding during 2022.
The newly released figures show Ultimate Finance finished the year with a continuation of record performances while delivering on its ambition to support an increasing number of businesses with much needed funding and puts the lender in a strong position going into 2023.
It was also a record year for asset finance, with new business up 11% to £51 million and 16% loan book growth. In bridging finance, new business volumes were up 87% in the second half of 2022 compared with the same period of the previous year.
“2022 marked our 20th anniversary, and we are proud to have supported over 3,000 businesses with tailored funding facilities,” Josh Levy (pictured), chief executive at Ultimate Finance, said. “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.
“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.”
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