Funding for the manufacturing industry
Ultimate Finance specialises in providing bespoke funding solutions proven to help businesses in the manufacturing industry keep moving. Asset-based lending provide access to the liquidity companies need to meet their ambitions, whether it is for sustained growth, a boost in working capital or simply to keep trading through economic challenges.
The manufacturing industry in the UK
The UK is currently the ninth largest manufacturing country in the world and currently accounts for 2.7 million jobs and 45% of total exports.*
With 43% of business owners in the industry saying they want to plan for growth but are being restricted by uncertain and unstable times, and 84% agreeing that climate change and the drive for a carbon neutral future are presenting opportunities for transformation*, Ultimate Finance can provide the funding solutions key to unlocking further potential through the provision of Working Capital Finance and Asset Finance.
*UK Manufacturing Statistics, The Manufacturer
Businesses operating in the manufacturing industry
Businesses operating in the manufacturing industry include, but are not restricted to:
- Chemical and Pharmaceutical
- Defence and Security
- Energy and Nuclear
- Food and Drink
How asset-based lending can help businesses in the manufacturing industry
All businesses share a common need for cashflow to keep moving and help them meet their growth ambitions, and it can be difficult to manage due to regular costs such as rent, leases, wages, supplier invoices and other costs associated with manufacturing equipment and technology.
Asset-based lending solutions can help relieve financial pressures by improving access to day-to-day cashflow, bridging the gap created by lengthy payment terms or even providing funding upfront for expensive machinery and vehicles that can make the difference for a business.
Working Capital Finance solutions
Ultimate Finance’s tailored Working Capital funding facilities provide revolving access to the cash tied up in invoices yet to be paid, through Invoice Finance and specialist facilities such as Construction Finance, Trade Finance and Recruitment Finance.
- Funding up to £7m with cash in account within 24 hours of raising invoices or applications for payment
- Factoring and Discounting, disclosed and confidential options, with possibility to add on Debtor Protection
- Up to 95% pre-payment
- Dedicated specialist Relationship teams
- 24/7 account management via online portal
- Rated 4.9/5 on Trustpilot
Asset Finance solutions
Ultimate Finance’s Asset Finance solutions make it easy to get the equipment a business needs without the large upfront costs.
- Up to £1.5m per customer, £500k per single asset, with cash available within as quickly as one working day
- Finance available for a variety of assets, including vehicles, equipment, construction and machinery
- Terms from 12 to 60 months
- Hire Purchase, Leasing and Refinance options
- Easy to manage fixed repayments help with cashflow management
- Rated 4.9/5 on Trustpilot
Structured Finance solutions
At Ultimate Finance, we are experts at creating fully tailored solutions that provide funding against a mix of assets such as receivables, plant and machinery and / or property, which we call Structured Finance. Through our funding expertise, our experienced Deal Team packages it all in one structured solution with access to a single point of contact to keep it straight-forward – it’s complex finance made easy.
- Funding up to £10m
- Multi-asset solution
- No restriction on single line assets
- Dedicated Relationship Manager across entire facility to keep things seamless
“Ultimate Finance has been supporting businesses in the manufacturing industry for over 20 years with bespoke funding solutions and our award-winning relationship-driven approach. With us, they get access to the funding that meets their particular requirements and the dedicated support of funding experts, skilled underwriters and experienced product specialists strategically placed across the UK to ensure we offer a truly personal service to each client”.
Josh Levy, CEO
Frequently Asked Questions
Get funding for your business
If you would like to talk to us about any funding needs, call us on 0800 121 7757 or request a quote for your manufacturing business today