Ultimate Finance offers a wide range of business loans from £5,000 up to £5 million. Whatever stage your business is at, Ultimate Finance could have a loan to suit your needs.
Ultimate Finance is a direct lender not a broker.
Since its launch in 2001, Ultimate Finance has provided more than £1 billion in funding to thousands of businesses of all shapes and sizes across a variety of industries. It offers 9 types of flexible business loans including hire purchase agreements, bridging loans and a new super-fast cash advance, which you could receive within just 12 minutes of applying.
Ultimate Finance aims to make the loan process as streamlined as possible so you can get the funding you need to start a business or get it to the next level. You can apply via the Ultimate Finance website.
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Ultimate Finance loan options
|Type of loan||What it’s for|
|Asset Finance||Borrow up to £1 million to buy the equipment your business needs. Repay over 12 to 60 months.|
|Invoice Finance||Release the cash tied up in your outstanding sales invoices and let Ultimate Finance chase them up for you. Borrow up to £5 million on an unlimited, rolling contract.|
|Purchase Finance||Ultimate Finance will pay your suppliers for the goods you purchase, including raw materials, work-in-progress and perishables. Borrow £25,000 to £2 million on a revolving line of credit.|
|Bridging Loan||Ultimate Finance will provide funding until you secure long-term property finance. Borrow £50,000 to £2 million for up to 18 months.|
|Trade Finance||Take the day-to-day pressure off your purchasing with up to to 120 days of credit to pay local and overseas suppliers. Borrow £25,000 to £2 million.|
|Ultimate Loan||A flexible longer-term business loan for whatever you want and whenever you need it. Borrow £5,000 to £100,000 for up to 12 months.|
|Cash Advance||An ultra-fast short-term loan to top up your existing business credit card or overdraft. Borrow £5,000 to £50,000 and repay in a single payment in 30, 60 or 90 days.|
|Construction Finance||Unlock cash tied up in outstanding applications for payment. Borrow up to £3 million on an unlimited, rolling contract.|
|Recruitment Finance||Ultimate Finance will advance you cash against your temporary or permanent placements so you can pay your wage bill on time. Borrow up to £5 million on an unlimited, rolling contract.|
Key features of an Ultimate Finance business loan at a glance
Interest rates are fixed for the duration of your repayment period. However, the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, the performance of your business and its credit rating. This may differ from the advertised “representative APR”.
What is APR?If you’re comparing any credit-based products, it won’t be long before you’ll come across the annual percentage rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
Am I eligible for an Ultimate Finance business loan?
You should only apply for an Ultimate Finance business loan if you’re certain you can meet the repayment terms. You must also:
How do I apply?
If you’ve decided that an Ultimate Finance business loan is the best option for you, there are five steps to the application process.
- Read the loan options carefully and choose the one that best suits your business needs. If you aren’t sure, you can talk through the loan types an Ultimate Finance advisor before going ahead.
- Under the relevant loan type on the website, answer the questions to choose how much you would like to borrow and for how long.
- Provide details about your business including net profit and outgoings.
- Once approved, confirm your loan repayment details.
- Sign your loan agreement and get the money in your bank account. The speed of this will depend on your loan type.
Alternative sources of funding
There are several types of business loan out there. The right one for your business will depend on how much you need and how long you want to borrow for:
Frequently asked questions