Altitude Funding Solutions targets SME gap with sub-£30k asset finance launch

New independent funder Altitude Funding Solutions has officially entered the sub-£30,000 asset finance market, aiming to tackle a growing funding gap faced by UK SMEs and the brokers that support them.

The new venture has been launched by the founders of Latitude Leasing as part of a strategic expansion designed to strengthen their presence in the small-ticket finance sector. Altitude Funding Solutions will focus on providing dedicated in-house lending for smaller transactions – an area where brokers are increasingly finding it difficult to secure funding.

Created exclusively for members of the AFS broker network, Altitude Funding Solutions is positioned as a specialist provider for deals up to £30,000. The business combines technology-driven decision-making with deep industry expertise, enabling faster approvals and a more streamlined funding process.

By establishing a separate platform for its in-house lending, Altitude has also secured significant investment to enhance its funding capacity and accelerate deal execution.

Michaela Dodd, founder of both Latitude Leasing and Altitude Funding Solutions, said the launch marks a major step forward for the group.

“This is an exciting milestone for us,” she said. “Altitude Funding Solutions allows us to grow our lending book substantially while continuing to deliver the exceptional service and support our partners have come to expect. It marks a new chapter in our journey, reaffirming our commitment to innovation, growth, and excellence.”

The move comes at a time when access to smaller-ticket finance remains constrained, with many lenders focusing on larger, more profitable deals. Altitude’s targeted approach is expected to provide much-needed support to brokers seeking reliable solutions for SME clients with modest funding requirements.

Latitude Leasing, a well-established provider of asset finance solutions, will continue to operate alongside the new entity, supporting suppliers, funders and SMEs across the UK with its focus on service, speed and flexibility.