Specialist asset-based lender, Ultimate Finance, today announced its continued commitment to small and medium sized enterprises (SMEs) following the challenges faced through the pandemic by signing the SME Finance Charter.
An initiative led by the Business Finance Council, the SME Finance Charter has set out a series of commitments that demonstrates members’ support of SMEs throughout the UK.
Ultimate Finance have a 20-year track record of supporting UK businesses with funding solutions such as Working Capital Finance, Asset Finance and Bridging Finance on applications of up to £10m. The company provided over £1.6bn of funding throughout 2021 and currently works to supports over 3,000 SMEs.
Josh Levy, CEO of Ultimate Finance, said: “We are proud to have signed the updated SME Finance Charter to reaffirm our unwavering commitment to UK SMEs. Today is the right time to re-launch the various pledges and commitments lenders made under the Charter back in 2019 to help instil confidence and give SMEs the understanding about the different funding options that are available to them as they look to build back their businesses and balance sheets post the Covid-19 pandemic.”
Ultimate Finance is committed to supporting and facilitating businesses’ growth ambitions in all market conditions. We tailor our funding by looking at the bigger picture to find the right solution at the right time – an approach that’s integral in the current uncertain context.
The Charter consists of 5 commitments that reflect the areas that government, finance providers and businesses have identified as significant in ensuring that the SME market works effectively. These are:
- We’re open for business and ready to lend.
- We’ll help you build back better after Covid-19.
- We’ll support your application and signpost other options if needed.
- We’ll treat you fairly at all times.
- We’ll work with the government-owned British Business Bank to support SMEs.
You can view our pledges here Ultimate Finance Pledges and also watch what our CEO Josh Levy had to say when he spoke to UK Finance SME Finance Charter: Josh Levy (CEO, Ultimate Finance) on Vimeo