Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

UTB launches into professional lending

30 September, 2014

By: Ryan Bembridge

category: Commercial, Secured, Unsecured

0

United Trust Bank has launched its first ever short-term professional lending product for businessmen who have been trading at least three years.

The product, which offers loans from £10,000 to £300,000, is available for a range of professionals such as solicitors, accountants, architects, barristers, doctors, dentists, opticians and pharmacists.

Kevin Flowerday, head of professional lending and technology finance at United Trust Bank, who developed and manages the product, said: “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.”

To ensure brokers’ enquiries are addressed quickly UTB will have dedicated account managers.

Flowerday added: “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.”

 


Tags: lending, loan, loans, professional, United Trust Bank, UTB

Recent News

Evolution Money launches second-charge tracker

08 April, 2021

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login