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 new lending sector that will support new and existing broker partners already using our services for Asset Finance, Development Finance and Bridging Loans
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. Facilities range frm £10,000 to £300,000.
Commenting on the launch, Kevin Flowerday said:
“UTBs professional lending division is the most recent addition to the Banks ongoing commitment to the UKs SME sector. We are now providing our professional lending services, via our partner network of brokers and intermediaries, to help support the markets working capital requirements.
Prudent cash flow management is critical to any organisation but there are often instances where a successful business requires additional working capital to satisfy large outlays. Whether a two partner accountancy practice, a global architect or a thirty partner legal firm, there are frequently VAT, tax and other significant expenses that can fall due when cash reserves are low. Factor in costly insurances and regulatory fees and even the most diligent of businesses can require some short term financial assistance. United Trust Bank can now offer its considerable expertise and outstanding customer service to our Broker partners who represent professional businesses which require quick and decisive funding solutions.
“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."
