Specialist finance company Ultimate Finance
has signed a partnership deal with investment firm Finance South
East Group (FSE) to provide SME funding.
Ultimate Finance specialises in funding SMEs
using factoring, invoice finance and asset finance and will now
become preferred supplier partner to provide those services to
FSE’s existing and new clients.
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The deal highlights a trend identified by the
Bank of England that more and more SMEs are turning to alternative
finance models rather than traditional high street bank
lending.
Kevan Jones, Ultimate Finance’s sales and
marketing director, welcomed the deal and said: “Time and again it
has been shown that Invoice Finance is an excellent way for SMEs to
fund their growth.”
Sally Goodsell, chief executive of FSE, which
consists of fund managers and investor networks who specialise in
SME investment, echoed the BofE findings when she said the new
funding models can provide businesses with additional means to
improve cash flow and growth through ongoing financial
uncertainty.
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By GlobalDatagrant.collinson@vrlfinancialnews.com
