# Ultimate Finance to fund perishables with new product Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-10-27 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Revolutionising SME Food Sector Funding with Purchase Meta Description: Unlock fast, flexible funding for perishables and raw materials with Purchase Finance. No personal guarantees needed. Visit ultimatefinance.com for more info. Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/ultimate-finance-to-fund-perishables-with-new-producthtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd271017-13-1736843341727-compressed.jpg) _Purchase Finance launched to support SMEs in the food sector_ Leading SME funding partner, Ultimate Finance has launched a unique new product – Purchase Finance – which will enable small business owners to fund the purchase of goods including perishables and raw materials to support their own supply chain management and cash flow. Typically, businesses are not able to secure funding to support the purchase of perishable goods or raw materials without significant collateral for security. This is a challenge that has had particular impact on the food and agriculture sectors, which have already been [hit with a range of challenges such as a weak pound](https://www.financedigest.com/u-s-dollar-struggles-pound-hits-one-year-high.html "U.S. dollar struggles, pound hits one-year high"), steep competition and increasing costs of distribution. This new funding product is completely unsecured; Ultimate Finance do not seek any [personal](https://www.financedigest.com/top-8-must-know-personal-finance-facts-for-2023.html "Top 8 Must-Know Personal Finance Facts for 2023") guarantees through Purchase Finance, which many similar solutions would demand. Instead, Ultimate [Finance consider the ongoing trading performance of that business](https://www.financedigest.com/is-it-risky-to-use-bridging-finance-for-my-business.html "Is it risky to use bridging finance for my business?"). Anthony Persse, Strategy Director at Ultimate Finance commented: “It has never made sense to me that small businesses dealing in perishables and [raw materials](https://www.financedigest.com/henkel-trims-earnings-outlook-on-raw-material-price-spike.html "Henkel trims earnings outlook on raw material price spike"), such as food, haven’t been able to access funding to grow. We all need food, it’s fundamental to life, and yet those producing grocery items are being stifled by old-fashioned finance set-ups offered by traditional lenders and so called ‘alternative finance’ providers. “In an age of big data and [next generation](https://www.financedigest.com/the-advancement-based-offing-to-upscale-the-next-generation-antibody-therapeutics-market.html "The Advancement-Based Offing To Upscale The Next Generation Antibody Therapeutics Market") risk software, there is no longer a reason why financiers can’t offer good funding solutions to any thriving business. We have already seen the positive [impact that Purchase Finance can have on an operation](https://www.financedigest.com/zurich-insurance-h1-operating-profit-leaps-60-as-covid-impact-wanes.html "Zurich Insurance H1 operating profit leaps 60% as COVID impact wanes") during our product pilot, and know that there is huge potential for businesses of all shapes and sizes to benefit from fast, flexible and fair access to funding.” There are many additional issues faced by small food producers such as unpredictable payment terms from debtors and [margin pressure](https://www.financedigest.com/kraft-heinz-flags-margin-pressure-from-inflation-shares-fall.html "Kraft Heinz flags margin pressure from inflation, shares fall") from large retailers. “Supermarkets and large retailers have long held the strings in the [food supply](https://www.financedigest.com/russias-putin-indias-modi-to-discuss-trade-food-supplies-on-friday.html "Russia’s Putin, India’s Modi to discuss trade, food supplies on Friday") chain,” comments Anthony. “While they benefit from cash and have the power to [squeeze supplier](https://www.financedigest.com/auto-suppliers-feel-the-green-squeeze-as-carmakers-get-clean.html "Auto suppliers feel the green squeeze as carmakers get clean") prices, small producers and farmers can often operate hand-to-mouth, without access to better terms. Purchase Finance addresses this by enabling businesses to pay their suppliers directly using a funding line from Ultimate Finance who can pay the supplier directly.” Purchase Finance is a flexible line of credit set aside exclusively to [pay supplier](https://www.financedigest.com/why-it-pays-to-pay-on-time-the-impact-of-delayed-payments-on-supplier-relationships.html "Why it pays to pay on time: The impact of delayed payments on supplier relationships") invoices. It covers any type of [stock purchases, including raw materials, work-in-progress and perishables, allowing customers to purchase stock without worrying](https://www.financedigest.com/stocks-tumble-globally-on-raft-of-economic-political-worries.html "Stocks tumble globally on raft of economic, political worries") about paying suppliers up-front. 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](https://www.financedigest.com/the-stem-cell-banking-market-to-keep-up-the-digitized-momentum.html "The Stem Cell Banking Market to keep up the digitized momentum"). For further information, please visit www.ultimatefinance.com --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---