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div>Today, United Trust Bank has launched a new ‘Professional Lending’ product to provide competitive, short term working capital financing solutions to the professional services sector.
United Trust Bank (UTB) has launched a new 'Professional Lending' product to provide competitive, short term working capital financing solutions to the professional services sector…
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The new product, developed and managed by Kevin Flowerday who recently joined United Trust Bank from professional lending specialist, Syscap, signals a move for the bank into a fresh lending sector that will support new and existing broker partners already using its services for Asset Finance, Development Finance and Bridging Loans.
Commenting on the launch, Kevin Flowerday said: “UTB’s professional lending division is the most recent addition to the Bank’s ongoing commitment to the UK’s SME sector. We are now providing our professional lending services, via our partner network of brokers and intermediaries, to help support the market’s working capital requirements.
“We understand the professions sector; how professional businesses are funded, partner requirements for equity and performance, and the regulatory requirements in a constantly evolving marketplace. With United Trust Bank, brokers and borrowers have the assurance that there’s a reliable and professional funder working with them.”
United Trust Bank’s Professional Loans will be available to a range of professional businesses which have been trading for more than three years. Solicitors, accountants, architects, barristers, doctors, dentists, opticians and pharmacists are just some of the professions which could benefit from a quick decision on loans, including those for payments due to HMRC, for professional indemnity premiums and practising certificates.
United Trust Bank offers dedicated account managers who will ensure that its brokers’ enquiries are addressed promptly, consistently and efficiently. Its Broker partners will not be passed from pillar to post with different people making various information requests, but instead will receive reliable and professional funding solutions, with quick decisions and the capability for same-day payouts.
Lending criteria
• Facilities range from £10,000 to £300,000
• Terms aligned to the product being financed
• VAT
• TAX
• Professional Indemnity Insurance
• Practising Certificates
• Trading for longer than three years
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