Specialist asset-based lender Ultimate Finance has increased its maximum cash flow loan size to £500,000, as part of its broader asset-based lending facility.

The enhancement of the Working Capital proposition comes at a time for small and medium-sized enterprises (SMEs), which are currently navigating additional pressures and cash flow difficulties following recent budget announcements.

Set to complement an invoice finance or structured finance facility, the cash flow loan offers a three-year term and can be utilised for significant business events, including acquisitions, mergers, and succession planning, as well as other expansion opportunities.

Ultimate Finance's Working Capital Finance proposition meets funding needs of up to £7m. It includes specialised services for sectors such as construction and recruitment, along with a trade finance offering.

The lender can also provide up to £10m through a structured finance facility, a multi-asset solution that allows clients to borrow against a combination of receivables, plant and machinery, and/or property.

Ultimate Finance CEO Josh Levy said: “As we continue our mission to be the Funding Partner of Choice and look to drive further growth in our loan book, this enhancement to our Working Capital proposition gives us an even greater ability to support SMEs with the liquidity they need. We look forward to working in partnership with our network of introducers and advisers to deliver this.

“Specialist lenders will continue to provide businesses with strategic funding options to fill the mainstream funding gaps and this increase to our cash flow loan, we know will be well received by introducers and their clients.”

Last week, Ultimate Finance expanded its Northern team with two new appointments.

"Ultimate Finance boosts cash flow loan to £500k" was originally created and published by Leasing Life, a GlobalData owned brand.

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