Ultimate Finance has secured a significant £370 million in funding from NatWest and Lloyds, marking a milestone for the Bristol-based firm.
This agreement strengthens their position, enabling enhanced growth and a broadened financial offering. By fortifying their financial base, Ultimate Finance continues to support SMEs and property investors across the UK.
Bristol’s Ultimate Finance has successfully secured £370 million in wholesale funding, ensuring financial stability for the next three years. The package, which is a combination of new and extended facilities, has been negotiated with NatWest and Lloyds. This funding marks a pivotal moment for Ultimate Finance, enabling the company to position itself strongly for future growth and expansion.
As the firm capitalises on fresh opportunities in the market, the newly acquired funding is set to play a critical role. This development shows the company’s intent and ability to scale operations at a substantial level, reinforcing its market presence.
Ultimate Finance provided an impressive £2.1 billion to UK SMEs and property investors last year, highlighting the vast reach and impact of its funding capabilities. Chief Financial Officer Neil McMyn expressed satisfaction over securing increased facilities across their product range, which includes working capital, asset finance, and bridging finance.
The firm prides itself on its strong affiliations with wholesale funders like NatWest and Lloyds. Such partnerships are crucial in maintaining a steady stream of resources, reassuring stakeholders of the firm’s robust operational foundation.
The combination of industry expertise and strategic foresight positions Ultimate Finance as a formidable player in the asset-based lending sector. By prioritising innovation and client service, the company continues to uphold its competitive edge, offering compelling solutions that address complex financial requirements.
With a proven track record and strong strategic partnerships, Ultimate Finance is poised to continue enhancing its service offerings, reinforcing its position as a key provider in the asset-based lending industry.
This financial agreement marks a significant stride for Ultimate Finance in securing stability and growth potential for its future operations.
The substantial funding obtained by Ultimate Finance underscores its capacity for growth and stability in the financial sector.
This strategic development ensures the firm is well-positioned to navigate future challenges, bolstering its presence in asset-based lending.
