United Trust Bank was introduced to a long established coach operator by one of our supporting brokers who himself had been recommended by a friendly solicitor. The coach operator required funds to renew some of their VOSA operating licences and to inject some cash into the company to assist in its growth plans which included a number of new contracts which were about to commence.
Following a quick valuation, UTB agreed to re-finance a number of the customers’ unencumbered coach fleet. However, due to unforeseen circumstances beyond their control, the introducing broker was not able to carry out the required asset inspections on the vehicles within the timeframe the customer required. Neither were they able to obtain some additional information directly from the customer.
UTB therefore stepped in and arranged the asset inspection with one of our approved partners then, at the broker’s request, spoke directly to the customer to obtain everything else we required.
Once the signed documents were received, the UTB team then ensured that the pay-out was achieved within the very tight deadline which was very much to the satisfaction of both our broker and his customer.
LOAN SIZE: £100,000