Ultimate Finance has appointed David Paget to cover the North East.

Paget (pictured), who is from Washington, Tyne and Wear, has spent the last 20 years providing invoice finance to SMEs, most recently with Close Invoice Finance where he was regional sales director.

He said: “I was particularly attracted to Ultimate Finance as it aims to be the funder of choice for SMEs by looking for ways to support them rather than putting obstacles in the way.

“It has a strong product range such as invoice, asset, recruitment, construction and trade finance, which will appeal to the different sectors within our client base. As an added advantage it gives companies the opportunity to apply for short term business loans online with a fast decision turnaround.

“It is also an ambitious and vigorous challenger funder with an appetite to grow the business.”

Group sales director, Nick Smith, added: “The aim is to build a team of people who are knowledgeable, highly respected and well known in the geographic area in which they operate, with both intermediaries and local businesses. David fulfils all three criteria and we are confident he will be a huge asset to the company.

“By attracting people of David’s calibre we can fulfil our aim to help businesses across the country to grow and become successful by providing the right funding solutions to enable them to do so.”