SME funding partner, Ultimate Finance, has had its strongest six month period of lending on record, having provided £750 million to SMEs in the first half of 2019.
The figures show a 21 per cent increase in funding for H1 2019 compared to the same period last year, while the company has reported growth of over 200 per cent since it was acquired by Tavistock Group in July 2015.
Ultimate Finance has also seen client numbers increase by 10 per cent since the start of the year, which CEO Josh Levy sees as testament to the strength of its multi-product offering and dedication to supporting SMEs throughout testing times.
He 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.”