# Ultimate Finance celebrates success as ‘SME funding partner’
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-02-01
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Ultimate Finance Achieves Record 47% Lending Growth
Meta Description: Discover how Ultimate Finance's investment in national footprint and digital offering led to a record-breaking year of lending growth of 47%
Tags: featured
Tag URLs: featured (https://financedigest.com/tag/featured)
URL: https://financedigest.com/ultimate-finance-celebrates-success-as-sme-funding-partnerhtml

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_Growth in business numbers sees Ultimate Finance lending grow by 47%_

Leading SME funding partner, Ultimate Finance has announced a record-breaking year of lending, with a 47% increase in cash lent to UK businesses, following investment in its national footprint, digital offering and its strong core product range.

Increased growth has been especially strong across its Invoice Finance (up 42%), Asset Finance (72%) and Trade Finance (44%).

The lender also [launched two new products to market](https://www.financedigest.com/new-product-launches-to-put-the-marker-pens-market-in-a-good-stead.html "New Product Launches To Put The Marker Pens Market In A Good Stead"), the Cash Advance – the ‘fastest loan on the market’ – and Purchase Finance, a unique product which enables businesses to fund the purchase of goods including perishables and raw materials.

Ultimate Finance also enjoyed [growth in its client](https://www.financedigest.com/impact-com-continues-momentum-in-the-first-quarter-fueled-by-client-growth-new-products-and-partnership-events.html "impact.com Continues Momentum in the First Quarter, Fueled by Client Growth, New Products and Partnership Events") base, with a year-on-year increase of 32%.  In particular, Ultimate Loan clients increased by 78%, with Trade Finance customers up by 56%.

The company expanded its national footprint, relocating to a bigger Bristol office to accommodate an increase in headcount, and opening another branch in Maidstone to [support businesses](https://www.financedigest.com/factbox-reaction-to-uks-energy-support-package-for-businesses.html "Factbox-Reaction to UK’s energy support package for businesses") in the South East.

Ron Robson, CEO at Ultimate Finance, commented: “The [reason behind the investment](https://www.financedigest.com/7-reasons-why-you-should-invest-in-cryptocurrency.html "7 Reasons why you should invest in Cryptocurrency") is simple. Our team talk to small [business owners](https://www.financedigest.com/carbon-zero-what-it-means-for-business-owners.html "Carbon Zero: What it Means for Business Owners") on a daily basis and hear all about the problems they’re faced with. It’s been a difficult [year due](https://www.financedigest.com/mechanical-and-electronic-fuzes-market-one-the-most-booming-industry-in-upcoming-years-due-to-global-demand-in-industry-by-2027.html "Mechanical And Electronic Fuzes Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027") to political uncertainty following Brexit negotiations, which has caused market unease. Despite this, the number of [active businesses in the UK has continued to grow](https://www.financedigest.com/euro-zone-april-business-activity-grows-on-strong-services-demand-pmi.html "Euro zone April business activity grows on strong services demand – PMI") and finding ways to better support them and meet their needs with new and unique products was extremely important to us.

“I [think the consequential increase in lending demonstrates the team’s unwavering commitment to the small business](https://www.financedigest.com/why-mentoring-does-more-for-your-business-than-you-think.html "Why mentoring does more for your business than you think") community. The success we’ve achieved in the past 12 months is down to the exceptional hard-work and as we look to 2018, championing [small businesses will remain a top](https://www.financedigest.com/top-benefits-of-invoice-discounting-for-small-businesses.html "Top Benefits of Invoice Discounting for Small Businesses") priority and we hope to continue making waves in the market.”


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