Specialist asset-based lender Ultimate Finance has expanded its asset finance team with the appointment of Rachael Foulis (pictured) as regional director in Scotland.
Foulis joins the lender on the back of a record year which saw them provide funding of over £1.9bn to UK businesses, including a record annual performance for new business in asset finance of £46m and a record high asset finance loan book of over £75m.
Speaking about her new role, Foulis said: “I am delighted to be joining Ultimate Finance and to work alongside the asset finance team from their Edinburgh office to help keep business moving across the country.
“Their approach to asset-based lending through excellent service has helped create a strong reputation for them and I look forward to supporting businesses in Scotland with access to asset finance facilities”.
Head of sales Richard Hamilton added: “It is a pleasure to welcome Rachael to our team. With her experience and impressive track record at Close Brothers Asset Finance and Leasing I have no doubt she will be a great addition as we continue our mission to support SMEs with the right funding solutions to help them meet their ambitions.”
2022 marks the lenders 20th birthday with over £10bn of funding delivered for SMEs in this time.
Having secured £220m of new wholesale funding facilities in recent months, the funder has the firepower, appetite, and desire to support even more SMEs with the asset-based lending solutions they need to navigate the many challenges and opportunities that lie ahead.
