Ultimate Finance lends £750m to SMEs in H1

The figures show a 21% increase in lending compared to the same period in 2018 and a 10% rise in client numbers over the six months.

CEO Josh Levy, said: “Our first half results demonstrate that our approach and offering accurately reflect the needs of businesses. The past six months have been far from plain-sailing for SMEs – whether it’s political instability or the constant fluctuation of the pound, uncertainty has continued to plague businesses. It therefore remains vital that SMEs have a reliable funding partner in place. Taking the time to understand our clients and the challenges they are facing means that we can offer a solution from our broad product portfolio and a service proposition that has been built around their needs.

“With the second half of the year looking set to test business resilience further, we remain committed to investing in our client service, continuing to provide good funding and proving ourselves as the long-term funding provider of choice for SMEs.”