Ultimate Finance has increased its maximum Working Capital cashflow loan size to £500,000 as part of a broader asset-based facility.
The cashflow loan, which can be combined with invoice finance or structured finance facilities, is available over a 3-year term and can be used for significant business activities such as acquisitions, mergers, succession planning, and other growth opportunities.
Ultimate Finance’s Working Capital Finance proposition provides funding of up to £7m and includes sector specialisms for construction and recruitment businesses, along with a trade finance offering.
They can also extend up to £10m via a structured finance facility, allowing clients to borrow against a mix of receivables, plant and machinery, and property.
Josh Levy (pictured), chief executive officer at Ultimate Finance, said: “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.
“We look forward to working in partnership with our network of introducers and advisers to deliver this.”
He added: “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.”
