Late on a Monday afternoon one of our registered brokers contacted the United Trust Bank asset finance team with an urgent enquiry for a client purchasing a large piece of construction equipment. Our broker explained that his client was leaving the country first thing on Wednesday morning so needed to sign all documentation within 24 hours at the very latest.
The credit was approved early on Tuesday morning and our local BDM offered to attend with our broker so that there were no last-minute hiccups! As UTB’s asset finance business is 100% broker introduced and we do not transact directly with customers, our broker was very appreciative of the offer, safe in the knowledge that we would not attempt to canvass his customer in the future.
All relevant paperwork was signed with the customer on Tuesday afternoon and while completing the documentation the client requested a VAT deferral. Our BDM was able to get the deferral approved with our credit team over the phone and then organise the new documents so that the deal could be signed.
Our broker was very pleased that the deal was closed and paid out on Wednesday morning, just as his client jetted off on holiday and assured that everything had been completed successfully.
Loan Amount £100,000