The invoice finance facility to Cats & Pipes Limited provided higher funding levels and covered export debtors without the restrictions applied by the previous lender.
The 12-month facility was agreed at 73.12% loan-to-value (LTV) and 90.35% net loan-to-purchase price.
Bentley Park, the parent company of Ultimate Finance, has published the scheme document for its recommended cash acquisition of Time Finance, with shareholder meetings set for 1st October.
The funding supported cashflow and payroll as the business continues to expand.
The asset finance was secured against a double-decker bus and a 78-seat double-decker coach.
The lower rates are aimed at helping developers and investors refinance or exit completed or nearly completed schemes.
The lender reached an overall NPS of 85, with business owners scoring 86 and introducers scoring 84.
The group delivered £153m of new facilities in the first half of the year, a new half-year high and up 22% on the same period in 2025.
The loan offers up to £4m in short-term funding for properties that include both residential and commercial space.
Ultimate Finance supported PD Tools with a facility that unlocks cash from unpaid invoices, so the business can keep moving without waiting for customer payment terms.
The lender has also increased the maximum facility for a single asset from £500,000 to £750,000, while the maximum balloon offering has risen from £100,000 to £150,000.
The lender delivered £72m in new facilities during the quarter, up 16% year-on-year, with strong contributions from asset finance, bridging finance and working capital.