Ultimate Finance Increases Working Capital Cashflow Loan To £500K

Asset based lender Ultimate Finance made an enhancement to its working capital proposition by increasing its maximum cashflow loan size to £500k as part of a wider asset-based facility. The cashflow loan, which sits alongside an Invoice Finance or Structured Finance facility, can be taken over a three-year term and used for key business events such as acquisitions, mergers and succession planning as well as for other growth opportunities._x000D_
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“As we continue our mission to be the funding partner of choice and look to drive further growth in our loan book, this enhancement to our working capital proposition gives us an even greater ability to support SMEs with the liquidity they need,” Josh Levy, CEO Of Ultimate Finance, said. “We look forward to working in partnership with our network of introducers and advisers to deliver this. Specialist lenders will continue to provide businesses with strategic funding options to fill the mainstream funding gaps and this increase to our cashflow loan, we know will be well received by introducers and their clients.”_x000D_
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Ultimate Finance’s Working Capital Finance proposition provides funding up to £7 million and includes sector specialisms for construction and recruitment businesses, as well as a trade finance offering. They can also provide up to £10 million via a structured finance facility, which is a multi-asset solution where clients can borrow against a mix of receivables, plant and machinery and/or property.