Service is the key
United Trust Bank’s Asset Finance division was approached by DJB Finance & Leasing Ltd to assist one of their longstanding customers. Their client was looking to re-finance a number of trailers, currently funded with two other lenders, in order to raise capital to cover the cost of mid-life refurbishments of the trailers.
With the asset knowledge and experience of UTB’s underwriting team, they were able to approve the funding within a few hours of receipt of the proposal. The documentation was processed in a timely manner ensuring the incumbent funders were settled and the balance was released back to the customer quickly.
Peter Price, Senior Underwriter at United Trust Bank, said: “This is a good example of the benefit of working closely with a valued and experienced broker like Jason at DJB Finance & Leasing who understands both sides of the deal; their customers and our strengths. A great relationship enables us to secure the right outcome for the borrower and the broker in a timely and cost-effective manner.”
Jason Bailey, Managing Director of DJB Finance & Leasing Ltd commented “The service DJB provides to its customers is only as good as the service it receives from its funders. The team at United Trust Bank were able to approve and then process this proposal very quickly which left a great impression on the customer and demonstrated that our funder recommendation had been the right one.”
Loan – £165,000
Term – 4 years