Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

BUSINESS

A year of significant growth for SME lender

Martin Bennison

Martin Bennison

Ultimate Finance Group, a leading independent provider of finance to UK business, has now provided £14m of funding to SMEs through its Construction Finance product. This represents year-on-year growth of 75%, as of April 2017. In total, Ultimate Finance Group’s overall lending to SMEs is now £132 million, as it continues its commitment to invest in business growth in the UK.

“The construction industry faces a number of challenges, not least a weak pound, skilled labour shortages and managing the costs of raw materials,” Martin Bennison, Managing Director of Construction Finance at Ultimate Finance, commented. “Despite this, these figures prove that our customers are confident in accessing funds, and are positive about their future.”

This follows a record 2016 for Ultimate Finance, which saw a 23% increase in overall lending, 16% increase in client base, and an expansion of its national footprint with new offices in Leeds, Edinburgh and Manchester.

“Irrespective of industry or size, SMEs need fast, flexible and fair cashflow solutions that supports good working capital and allows them to grow and, as importantly, let’s them get a good night’s sleep knowing that the wages will be paid,” added Bennison. “As an independent business ourselves we know that one day you have money in the bank and the next a big bill can change everything. Our growth over the past year reflects the investment we have made in our portfolio of products, and the insight we are able to bring to our offering.”

Ultimate Finance’s Construction Finance product is uniquely tailored to meet the specific requirements of businesses in the sector, allowing access to money that is tied up in lengthy construction contracts.

Backed by the Tavistock Group, Ultimate Finance is in a unique position to be able to access funding for its customers without reliance on banks or the markets.

For further information, please visit www.ultimatefinance.com

Continue Reading

Recent Posts