The lender said it had a strong performance so far this year as it reported 26 per cent growth in new business at the end of Q3. It said there was also a rise in the number of businesses in need of funding.
Additionally, Ultimate Finance said it continued to build long-term relationships with introducers and partners.
Josh Levy (pictured), CEO of Ultimate Finance, said: “I’m delighted to announce that we have reached the loan book milestone of £300m on the back of an impressive Q3 performance with good origination levels and momentum, as well as supporting our existing customers with additional funding to help them grow.
“This is another great result and one we are very proud of. This continued success is down to the consistent hard work and dedication of everyone across our business and is a great endorsement of our ongoing strategy.”
He added: “Our focus remains on managing the balance of risk and opportunity in volatile market conditions whilst staying consistent in our appetite and ambition.
“We believe our versatile asset-based solution offering and high-quality personalised service model leaves us well placed to continue our growth trajectory for the remainder of 2023 and into next year.”