Ultimate Finance extends asset finance securitisation facility with Lloyds
Ultimate Finance has increased its asset finance securitisation facility with Lloyds, with an initial level of £100m rising to a new capacity of £145m.
The increased lending capacity and capability follows the continued growth of Ultimate Finance’s asset finance loan book.
In the first 15 weeks of the year, £32m of new asset finance facilities were provided to businesses through hire purchase, finance lease or refinance solutions.
Read more: Ultimate Finance cuts bridging rates
“Comparing the first quarters of 2025 and 2024, asset finance origination was up 70 per cent and the momentum is continuing into the second quarter with strong support from our key introducer and broker networks powering our asset finance loan book above £120m for the first time,” said Neil McMyn (pictured), chief finance officer of Ultimate Finance.
“This facility increase further extends the long-standing relationship we have with Lloyds and our ability to provide even more funding and investment capital to SMEs throughout the UK.”
Read more: Ultimate Finance records double £100m lending milestone
“Lloyds is committed to providing securitised funding to the small- and medium-sized enterprise sector, and we are proud not only to provide this additional funding to Ultimate Finance, but also to support the company as it continues to deliver on its growth ambitions,” added Andrew Scott, director at Lloyds.
“Today’s milestone follows the announcement last year that Ultimate Finance had secured £370m in wholesale funding across its full product range of working capital, asset finance and bridging finance to complement its deep capital base as part of the Tavistock Group.”
