Ultimate Finance has grown its asset finance securitisation facility with Lloyds, raising it from an initial £100m to a new level of £145m.
The expanded facility follows a strong start to 2025, with Ultimate Finance reporting growth in its asset finance loan book.
The lender saw an acceleration in new lending, with £32m of asset finance facilities arranged for businesses in the first 15 weeks of the year.
This included hire purchase, finance lease, and refinance options.
Neil McMyn (pictured), chief financial officer at Ultimate Finance, said: “Comparing the first quarters of 2025 and 2024, asset finance origination was up 70% and the momentum is continuing into the second quarter with strong support from our key introducer and broker networks powering our asset finance loan book above £120m for the first time.
“This facility increase further extends the long-standing relationship we have with Lloyds and our ability to provide even more funding and investment capital to SMEs throughout the UK.”
Andrew Scott, director at Lloyds, said: “Lloyds is committed to providing securitised funding to the SME sector, and we are proud not only to provide this additional funding to Ultimate Finance, but also to support the company as it continues to deliver on its growth ambitions.”
