According to the latest broker sentiment poll carried out by United Trust Bank (UTB), two thirds (67%) of brokers operating in the Asset Finance sector believe that the spectre of…
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United Trust Bank’s Asset Finance BDM for the North and Scotland was approached by a broker with a client looking to fund the £250,000 purchase of some new trailers. The customer was an established trailer hire company and the new trailers were being supplied by a German company. Although the trailers were being delivered prior…
United Trust Bank (UTB) was approached by an existing broker partner representing a client who had the opportunity to purchase a commercial property at a very advantageous price, but needed to act quickly. The customer wished to fund the purchase over 4 years, a relatively short period for a property purchase. The more traditional funding…
United Trust Bank has appointed Chris Leverett as a Business Development Manager for Asset Finance. Chris will be responsible for developing new broker relationships in the Central region including Wales…
Keith Sangwin – United Trust Bank If our experience is anything to go by, many UK SMEs appear to be largely unfazed by lacklustre economic growth forecasts and the continuing…
United Trust Bank’s Asset Finance team was approached by a supporting broker representing a successful trailer hire and MOT/servicing business based in Bedfordshire. The company wished to refinance a number of unencumbered curtain sided trailers to release £125,000 towards the renovation and expansion of their workshop, service and office buildings. The broker had dealt with…
United Trust Bank’s Professional Lending department was recently asked to consider a proposal for a family-owned chartered accountancy firm. The company wanted to establish a wider presence and reduce competition in their area, so had come to an agreement to acquire a similar practice nearby. As this required a sizeable initial lump sum to secure…
Martin Nixon – Head of Asset Finance United Trust Bank is one of a shrinking number of asset finance funders which is 100% focused on brokers as its sole delivery…
Not all brokers are aware that United Trust Bank (UTB) provides some quite large and complex asset finance funding. For example, the Bank recently paid out £1.7m to a plant hire company to release capital from a fleet of vehicles. The introducing broker had dealt with the firm a number of years earlier and sensing…
There is a vast array of SMEs currently looking to invest and grow and the variety of businesses which can benefit from asset finance is unlimited. United Trust Bank has…
United Trust Bank’s Asset Finance team was approached by a broker representing a client he had known for over 25 years. They had transacted many agreements together and the customer had an excellent payment record. On this occasion, the coach firm wished to raise £40,000 as a cash injection to the business following a slow…
