UTB helps truck firm to clean-up
A supportive broker of United Trust Bank introduced a company to us which operated a large fleet of trucks and required capital to invest in new equipment. The company was a long established business and had recently purchased outright a used truck chassis from Holland. They now wished to add a brand new road-sweeper body to it in order to fulfil a specific contract they had recently won.
The Bank was able to document the sale of both the chassis and body to ensure good title and offered an attractive four year finance term with a low deposit to accommodate the customer’s cash-flow requirements. An asset inspection was carried out at short notice with documentation and pay-out completed quickly and within the customer’s timescales.