Passing on the benefits of the FLS

Pricing is still one of the most important issues facing brokers in the asset finance market today. The number of funders now dealing directly with customers is continuing to grow and margins are being squeezed. In certain sectors brokers are experiencing more competition than ever before.

Joining the Funding for Lending Scheme (FLS) has enabled United Trust Bank to review its rates and commission structure and pass on the benefits of FLS membership. As a result, we are offering some very competitive rates on qualifying transactions, subject to our usual criteria. As a ‘broker only’ asset funder, operating in an increasingly diverse range of sectors from wheeled and tracked vehicles to CNC machinery and technology, this is very good news for a large number of brokers and their SME customers seeking funding for growth.

Support for SMEs

The nation’s decision to leave the EU will create some short term uncertainty. However, UK SMEs are resilient and resourceful and when they’re ready to invest in their businesses and seize opportunities, UTB will be there to support them with competitive, versatile and flexible funding.