Specialist asset-based lender Ultimate Finance continued growth of its loan book, breaking through the £300 million ($365.1 million) milestone for the first time as the company continues its mission to support an increasing number of businesses.
The continued growth follows the company’s performance this year, with a 26% increase in new business at the end of Q3/23, paired with the renewed commitment to building long term relationships with introducers and partners to help keep business moving.
“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. 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,” Josh Levy, CEO of Ultimate Finance, said. “Our focus remains on managing the balance of risk and opportunity in volatile market conditions whilst 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.”
