Asset-based lender Ultimate Finance has unveiled a multi-asset financing proposition, targetted at UK SMEs looking to free up their working capital, the Bristol-based provider said.
The Structured Finance facility will allow introducers to connect their clients to tailored, multi-asset funding of between £350,000 and £5m against several assets simultaneously, such as unpaid invoices, plant and machinery, and property, the company said.
The lender said its funding is delivered “in a streamlined manner through a single point of contact supported by a dedicated deal team.” It added that its structured financing will complement the company’s existing solution offering, comprising working capital, asset finance and bridging finance, “through which over £1.6bn of funding was provided to SMEs in 2019,” it said in a statement.
Josh Levy, chief executive of Ultimate Finance, said: “We are launching Structured Finance in direct response to the needs of UK businesses for trusted and transparent funding solutions delivered by reliable relationship managers invested in supporting the long-term requirements of our clients.
“We offer the quick, simple and flexible approach to lending that businesses want, with up to £5m of asset-based solutions at their disposal – all under the guidance of a single point of contact supported by a dedicated deal team.”
The Ultimate Finance Group Limited has several subsidiary companies,
- Ultimate Finance Limited
- Ultimate Business Finance Limited
- Ultimate Asset Finance Limited
Josh Levy is also the company director of Ultimate Finance Group Ltd.