Ultimate Finance reaches £60m loan book milestone after record-breaking month for Asset Finance
Jul20

Ultimate Finance reaches £60m loan book milestone after record-breaking month for Asset Finance

Specialist asset-based lender Ultimate Finance is today reporting that June 2020 was a record-breaking month for its Asset Finance offer, with a 50 per cent increase in deals secured in May resulting in its loan book reaching a record high of £60m. The growth in demand for Asset Finance indicates an increased appetite from businesses for alternative forms of funding beyond traditional loans and overdrafts, at a crucial time amid...

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Asset Finance up 16% in May
Jul07

Asset Finance up 16% in May

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew in May by 16% compared with the same month last year. The plant and machinery finance and business equipment finance sectors reported new business up in May by 28% and 31% respectively, compared with the same month in 2016, while new finance for commercial vehicles was up by 3% over...

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Six Years of Growth for Asset Finance Market in 2016
Feb10

Six Years of Growth for Asset Finance Market in 2016

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in 2016 – the sixth consecutive year of growth. New business in December 2016 fell by 13% compared with the same month in 2015. New business in the commercial vehicle finance and business equipment finance sectors was up 7% and 16% respectively in 2016, while new finance for...

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