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we understand specialist banking
With dedicated divisions providing asset finance, bridging finance,development finance, professional loans, technology finance andspecialised mortgages, our in-depth knowledge combined withcommercial awareness, makes us the lender of choice for financebrokers seeking a high quality, bespoke service.
The Bank and its lending divisions are led by astute and knowledgeable individuals
who collectively bring together many decades of experience. The insight and
understanding they hold of their respective sectors has been gained from careers
spanning many years and a variety of economic climates. Every proposal we receive
is considered on its own merits and we positively encourage a high degree of
interaction between intermediaries and our decision makers. It’s this degree of open
communication, coupled with a pragmatic and entrepreneurial approach to lending,
which often distinguishes us from our competitors.
United Trust Bank is an established specialist lender offering a wide range of short, medium and longterm secured funding solutions for businesses and individuals.
Welcome to United Trust Bank
“We aim to deliver an outstanding
service by fully understanding the
needs of our broker partners and our
borrowers and offering bespoke
financial solutions suited to their
individual circumstances. United
Trust Bank’s team of highly
knowledgeable professionals is
encouraged and empowered to
minimise bureaucracy, maximise
flexibility and offer quick and reliable
lending decisions which will help you
to provide the very highest level of
service to your clients.”
Harley KaganManaging Director
3
Welcome
Asset Finance
4 6
Bridging Finance
DevelopmentFinance
8 10
UTB values
ProfessionalLending
12 14
SpecialisedMortgages
TechnologyFinance
16 18
Contacts
04-05
A director of a long establishedcrane hire company wished to raisefunds at very short notice to acquirea property he had the opportunity topurchase. The funds needed to beavailable within 48 hours. A cranethat had a small finance balanceoutstanding was identified ashaving sufficient equity to securethe sum required. The financeproposal was received early in themorning from our broker partnerand, following an internal valuationand credit underwriting, an approvalwas returned by lunchtime.Documentation was emailed to ourbroker, enabling him to get the dealsigned and the funds released thefollowing day.Loan amount: £427,000
• Hire purchase and finance
lease funding
• Introductions welcomed
from brokers who hold a
full FCA authorisation
• Facilities range from
£10,000 to £750,000
• Repayment terms are
typically from one to
five years
• Deposits and finance terms
dependent on the asset
and the borrower’s status
Facilities and Terms
A broker approached us with aclient wishing to purchase a classiccar for his collection. It was a fullyrefurbished Aston Martin, whichhad been valued by a certifiedAston Martin Heritage specialistand our own valuation supportedthe sale price. The broker providedthe necessary information to satisfyour credit criteria and a member ofthe team accompanied the brokerto meet the customer, sign thedocuments and view the car. Withthe customer providing the balanceof the purchase price, the loan wasagreed and the Aston Martin joinedtheir collection.Loan amount: £700,000
A long established wastemanagement business wished tofund a new biomass heating systemfor their 5.5 acre industrial sitecomprising various office units, someof which were sublet to otherbusinesses. The economic benefits interms of feed in tariffs andrecharging of heating costs to theirtenants would be significant. Thecustomer did not want to use theirown bank funding, preferring to keeptheir working capital requirementsuntouched. We arranged to value arange of plant, some of which wereunencumbered and others hadreasonable equity. Happy with thevaluations, the transaction proceededand the funds swiftly released.Loan Amount: £235,000
A supporting broker introduced us toan established coach operator whichrequired funds to renew some of theirVOSA operating licences and to injectsome cash into the business. UTBagreed to re-finance some of thecustomers’ unencumbered coaches.However, due to unforeseencircumstances, the broker was unableto carry out the required assetinspections or provide additionalinformation within the timeframerequired by the customer. UTB steppedin, arranged an asset inspection and,at the broker’s request, spoke directlyto the customer to obtain the missinginformation. With documents signedthe customer received their fundswithin a very tight deadline.Loan amount: £100,000
Case files
Assets Financed
• Cars (including prestige
and classic)
• Light & heavy commercial
vehicles
• Bus & coach
• Trailers
• Municipal vehicles
• Construction equipment
• Agricultural equipment
• Waste recycling equipment
• CNC machinery
• Injection moulding
machines
United Trust Bank offers competitive, flexible finance facilities for businesses lending on arange of assets including wheeled and tracked assets, and CNC machinery.
Asset Finance
ASSET FINANCE
What separates United Trust Bank from its competitors is the desire to offer a truly
personal service. We positively encourage our credit managers to find innovative
transaction structures which meet the customer’s specific needs, with no restricted
age policy for assets, we can often consider proposals which will be automatically
declined by other funders. Our broker partners can discuss potential deals directly with
our credit team or their dedicated Business Development Manager and our quick
decisions backed up by same day payments ensure that your clients can complete their
transactions without delay. UTB is a ‘broker only’ asset finance funder committed to
building strong, long term broker partnerships, and we deliver a service which will
encourage your clients to return to you time and again. We offer a highly competitive
commission structure and will also inform you of any early settlement enquiries, giving
you the best opportunity to retain your customer’s business for many years to come.
United Trust Bank’s fast and flexible asset finance facilities provideSMEs with the means to develop their businesses and seizeopportunities. Our dedicated asset finance team has extensiveknowledge of the sectors in which we operate, funding a widerange of wheeled and tracked assets including bus and coach, HGVsand plant as well as high performance and classic cars. We alsofund a variety of CNC machinery and have an appetite forrefinancing and hire businesses.
we understand specialist banking
“Our considerable experience in the
asset finance sector, coupled with a
desire to provide quick decisions on
flexible funding solutions, puts
United Trust Bank in pole position for
financing a wide range of vehicles,
plant and machinery. Our credit
managers are always on hand to
discuss cases which may require
more individual underwriting and we
can often find creative solutions
where other lenders find dead-ends.”
Martin NixonHead of Asset Finance
06-07
A retired couple had purchased afarmhouse at auction and had ashort time in which to complete orforfeit their deposit. They intendedto split the farmhouse into twodwellings, one to live in and one asa holiday home to provide anadditional income. They hadplanned to sell their home to fundthe purchase, but a long timeinterested buyer had pulled outleaving them in need of a bridgingloan. Fortunately, our borrowers hadplenty of equity in their home andgiven the tight deadline, the Bankagreed to provide a bridging loanusing the borrowers’ existing homeas security.Loan Amount: £247,900LTV: 43%
• Facilities from £100,000
to £10m+
• Loan to value of up to
70% on first charge
residential properties
• Terms from 30 days to
12 months*
* Longer terms may be available for non
FCA regulated loans
Property Bridging Loans
Refurbishment loans
Our borrower has been active in theLondon property market for over 30years and had completed therefurbishment and extension of aCentral London property at a cost of£1.4m. The borrower needed to repaysome of the development costswhich had been covered by anoverdraft facility and credit card.However, the refurbished property,being marketed for sale at £6.9m,was in fact owned by another familymember. Fortunately, our borrowerand his wife owned another propertywhich was also for sale and which,given the circumstances, it madesense to use as security for a bridgingloan by way of a first charge.Loan Amount: £583,100LTV: 44%
A highly successful businessman,introduced to the Bank by SPFPrivate Clients, required a largefacility in order to restructure someexisting borrowings. The client’scomplex business and personalaffairs created some challenges whenstructuring the facility, security forwhich included a second charge overan ex-matrimonial home, secondcharges over two commercialproperties owned by separatecompanies, and some shares. Add tothe mix a tight deadline and the caseproved to have all the hallmarks of acomplex structured loan for whichUnited Trust Bank has deservedlyearned a reputation for being able tocomplete. Loan Amount: £4.59m
A company wished to buy a vacant1970’s office block which fell within‘permitted development’ criteria. Theborrower intended to apply forconsent to convert the upper floors to27 self-contained flats whilstretaining the ground floor offices. Ourvaluer was confident that the consentwould be granted. We agreed toprovide a bridging loan of just overhalf of the £2.8m value and permittedthe borrower to raise an additionalmezzanine facility to rank behind theBank’s senior debt. This enabled theborrower to reduce its capitalinjection to around 10% of thepurchase price and so retain more ofits own capital for use elsewhere. Loan Amount: £1.6mLTV 58%
• Facilities from £200,000
to £1m
• Minimum property value
£150,000
• Purchase loan to value: up
to 55% of market value or
80% of purchase price
• Improvement costs: 100%
funding of costs
• Gross facility: up to 60%
of GDV
• Terms from 30 days to
12 months
Case files
United Trust Bank is a leading provider of bridging finance with an enviablereputation for award winning service and the ability to get deals done.
Bridging Finance
BRIDGING FINANCE
Our highly successful team is equipped with a broad range of skills and experience,
enabling us to consider proposals for a variety of scenarios, including the classic
bridge, downsizing, short term business finance, property refurbishment and
complex multi-million pound portfolio refinancing. Loans are secured by first or
second charges on residential properties, or first charges on mixed use or semi-
commercial properties. The Bank provides FCA regulated and non-regulated loans
with no exit fees or redemption penalties and valuation and legal fees at cost. We
currently lend on properties in England and Wales.
Bridging loans can provide bespoke solutions to borrowers in awide variety of circumstances. At United Trust Bank every bridgingloan is different. Each case presents its own challenges and everyborrower has their own priorities. We work hard to understandexactly what’s required with every proposal, and a dedicated casemanager ensures that your client’s loan completes on time andwith the minimum of fuss.
we understand specialist banking
“These days bridging loans are being
employed for an ever widening range
of transactions as brokers and
borrowers recognise the versatility
and cost effectiveness of short term
secured funding. Whatever your level
of experience, United Trust Bank’s
team of experienced professionals
will provide all of the expertise and
assistance you need to ensure your
clients’ requirements for speed,
certainty and flexibility are met.”
Alan MargolisHead of Bridging Finance
08-09
The Bank was approached by a brokeracting on behalf of a relativelyinexperienced developer who hadalready agreed to purchase derelictcommercial land close to the centre ofa West Country city. Planningpermission had been obtained todevelop 40 units, primarily apartments.Recognising his lack of developmentexperience, the client had engaged avery experienced regional contractor,with good local knowledge and anexcellent track record. This combinedwith the borrower’s excellent businessacumen and financial standing, plusgood evidence of an active salesmarket, and we were persuaded tofund the project.Loan amount: £3.6mGDV: £6.5m CTV: 55%
• Residential Development
Finance
• Commercial Development
Finance
• Mixed Use Development
Finance
• Planning Gain Finance
• Facilities usually range
from £500,000 to £15m+
• Terms of up to 24 months
We lend on developments
throughout England and Wales.
Facilities are available for:
A long standing introducer to theBank approached us to assist a newcustomer who had recently had adevelopment site valued below theirexpectations. Their existing HighStreet lender had subsequentlyreduced their offer of funding. Thiswas restricting the client’s ability toacquire a further site and washolding back their growth plans.The down valued site had planningconsent for 11 family homes, andwhilst it bordered an industrialpark, we felt that the scheme wouldmeet a local need. Taking intoaccount the strength of thedeveloper, we were happy to extendterms to 60% of the projected GDV.Loan amount: £1.9mGDV: £3.17m CTV: 60%
We were asked to consider financingthe purchase and development of aformer Grade 2 listed building in EastLondon. Creating 37 apartments plusshops and restaurants. The developerwas initially introduced to the Bank’sbridging team who were able to lendagainst a number of assets andprovide a bridging loan for 90% of the£2.2m purchase price. This enabledthe developer to secure the site withina 28 day deadline. Following thepurchase, we were able to provide anew facility of £4.2m to cover 100%of the build costs, Section 106 and CILpayments plus interest and fees.Development Loan: £4.2mGDV: £7.8m CTV: 54%Bridging Loan: £2mLTV: 65%
We were approached to fund theconversion of former office premisesto provide 68 apartments in a goodtown centre location to the west ofLondon. The borrower is a groupcomprising experienced developmentand construction professionals and awealthy private investor who wasprepared to provide a guarantee. Theycombined their skills and experienceto obtain a permitted developmentapproval to convert the existingbuilding and later submitted a furtherapplication to add additional floorsand re-clad the building. As a result, arather bland and tired looking officebuilding will be transformed into anattractive apartment development.Loan amount: £4.1mGDV: £7.45m CTV: 55%
Case files
Customers and locations
• Customers with a proven
track record of successful
projects and a good
understanding of the
location and sector they
intend to serve
• Customers with a stable
and solvent financial
position who are able to
meet unforeseen liabilities
or cost overruns
• Areas of established
residential use and
products that accord with
the locality
Successfully operating in the development finance market for several decades, United Trust Bankhas been a reassuring constant for brokers and developers whatever the financial climate.
Development Finance
DEVELOPMENT FINANCE
When it comes to development finance you will not find a group of people with
more knowledge and experience than the Property Development team at United
Trust Bank. When you arrange development finance with us you get much more
than just a lender. You get the benefit of dealing with a team of property
professionals with over 100 years of industry experience between them, gained
through every kind of property market. We know the development process inside and
out. We understand that development is an exacting business, requiring attention to
detail at every step. However, we also know that things don’t always go exactly to
plan. If that happens, you and your client will have the reassurance that our
pragmatic and flexible approach enables us to quickly adapt and move on. We
welcome the opportunity to work with experienced developers who can demonstrate
a well thought through project and a passion for outstanding quality and design.
United Trust Bank funds residential, commercial and mixed usedevelopments for developers with single unit projects, to larger, SMEclients with multi-unit schemes. Our understanding of the propertysector enables us to fully appreciate the needs of brokers anddevelopers and we tailor our competitive finance packages to suit theindividual circumstances of the borrower and the project. With quickdecisions, a solid funding base and quick stage draw down processing,you can be sure that the money will always be there when you need it.
we understand specialist banking
“The issue of new home building in the
UK has rarely held a higher priority
and the need for lenders to provide
funding to SME developers has never
been greater. Our understanding of
the sector, gained over several
decades and through a variety of
markets, enables us to fully
appreciate the needs of developers
and to provide flexible funding
solutions backed by experienced
professionals committed to delivering
the highest standards of service.”
Noel MeredithDirector and Head ofDevelopment Finance
At United Trust Bank we're proud to be recognised as one of the UK’s leading specialist, independent banks. Our lending divisions striveto be seen as a first-choice provider of finance solutions by going further to meet the needs of intermediaries and borrowers.
Asset FinanceUsing the well-capitalised and stable
platform provided by our banking base,
we ensure value is added to our broker
partners through our exceptional
asset class product knowledge and
service levels.
Bridging FinanceOur ability to deliver timely funding
solutions and to tailor our product
offering to the wide ranging
requirements of each case, provide our
introducers with the flexibility they
need to succeed.
Development FinanceThe trusted and enduring relationships
we build with our partners stem from
the knowledge, and insight we bring
to our funding solutions and our
diligence and attention to detail in
ensuring they deliver.
Professional LendingWe understand the professions sector
inside and out and that reputations are
all important, so work closely with our
broker partners to ensure we provide
a level of expertise and service they
can rely on.
Mortgage LendingWe specialise in bringing highly
innovative and competitive products to
the market and, by striving to understand
our clients’ objectives, enhance those
products by offering straight-forward
and dependable support.
Technology FinanceSupported by our effective and well
informed team, our innovative funding
solutions allow broker partners to
facilitate the purchase of hosted IT
services as well as hardware, software
and maintenance contracts.
we understand specialist banking
12-13
We were approached by a reputableintroducer and their customer; a top200 legal firm. Their usual workingcapital requirements were supportedby an overdraft with an occasionalneed to finance their ProfessionalIndemnity and Practising Certificates.On this occasion, several cases hadbeen delayed beyond their expectedcompletion date, causing a temporaryincome shortfall while costs to thebusiness continued. After a briefconversation with the broker andchecks on the customer, we agreed tofinance their next VAT payment, duewithin 14 days. Giving the practice acash lifeline and avoidingrenegotiations with their bank.Loan Amount: £180,000
Case files
• Solicitors
• Accountants
• Architects
• Barristers
• Doctors
• Veterinarians
• Dentists
• Opticians
• Pharmacists
Professional businesses we canfund include:
Facilities and Terms
We were contacted by a broker todiscuss what they currently offeredto their customers and how wemight be able to help them maintaintheir high levels of service,acceptance rates and competitivepricing. After the initial discussion,we provided the broker with apartner pack, introducer agreementand pricing framework and by theend of the same week they hadsubmitted their first proposal tofinance the quarterly VAT obligationsof a two partner accountancy firm. Itwas approved within three hoursand shortly afterwards another VATloan submitted by the same brokerwas granted to a firm of solicitors.Loan Amount: £45,000
We were contacted by a broker onbehalf of a top 50 accountancy firmwhich was looking at options forsettling a large tax bill for thepartners. Following a strong 12month performance, the firm neededto secure a substantial loan over 6months at a competitive rate. Wewere able to swiftly offer the clientan acceptance via their broker,ensuring that the rate providedenabled the broker to remaincompetitive against the firm’s bankand other funding alternatives. Theclient and the broker areanticipating renewing their partnertax facilities in July when their nextpayment will fall due.Loan Amount: £600,000
One of our valued introducersapproached us with a client with 15partners and over 50 fee earnerswhich, following strong growth,was considering outside funding toassist with their working capitalfacilities. Following two cashintensive months with theirPractising Certificates andProfessional Indemnity Insurancedue, they had also posted a recordbilling quarter and needed to settlean impending £500,000 VAT bill.However, due to a poor collectionmonth, and with just 10 days to go,they realised their cash reserves fellshort of the sum required. Wequickly agreed a loan for half of theVAT bill.Loan Amount: £250,000
• Facilities range from
£10,000 to £1m
• Terms aligned to the
product being financed
• VAT (3 months)
• TAX (up to 12 months)
• Professional Indemnity
Insurance
• Practising Certificates
(12 months)
• Working Capital
(12 months)
• Business improvement
(36 months)
• Businesses must have been
trading for more than
three years
UTB is an expert lender to the professions market, supporting brokers who work with solicitors,accountants, architects, surveyors and the medical profession with short-term financing solutions.
Professional Lending
PROFESSIONAL LENDING
We understand the professions sector inside and out; how professional businesses are
funded, partner requirements for equity and performance, and the regulatory
requirements in a constantly evolving marketplace. We deliver simple loan agreements
for specific cash flow items that can be proposed, approved and paid out in the same
day. We know that standard credit assessments often don’t stack up when considering
professional loans and without a knowledgeable lender to rely on, you can find
yourself wasting time going back and forth between client and funder. Often with
working capital loans, time is a luxury you simply don’t have. Our broker partners have
a dedicated account manager who will ensure that all enquiries are addressed
promptly, consistently and without fuss. We know that reputations are important to
your customers and we strive to exceed your client’s expectations whilst giving you
the security of dealing with one of the UK’s most successful specialist lenders.
Prudent cash flow management is critical to any organisation, but thereare often instances where a successful business requires additionalworking capital to satisfy large outlays. Whether a two partneraccountancy practice, a global architect or a thirty partner legal firm,there are frequently VAT, tax and other significant expenses that canfall due when cash reserves are low. Factor in costly insurances andregulatory fees and even the most diligent of businesses canoccasionally require some short term financial assistance.
we understand specialist banking
“We help our broker partners to
arrange specific working capital
facilities for their clients by delivering
some of the most competitively
priced finance agreements on the
market. At United Trust Bank our
dedicated team of experts is always
on hand to provide fast and flexible
payment solutions for inflexible
professional payment obligations,
giving you the highest levels of
service every time you need us.”
Kevin FlowerdayHead of ProfessionalLending
14-15
Home improvementsA couple want to raise £35,000 toreplace their kitchen and build asmall conservatory. They live in a 3-bed house valued at £220,000 and ayear ago switched their £120,000mortgage onto a 5 year fixed rate.Their mortgage has a 5%redemption penalty for the next 4years, and £35,000 is too large for apersonal loan. However, they wouldbe able to raise the full amount witha United Trust Bank BoE base ratetracker. This second charge wouldallow them to keep their fixed ratemortgage and avoid the redemptionpenalties they would have incurredwith a remortgage.
• Home improvements
• Expanding a property
portfolio
• Purchasing a car
• Children’s tuition fees
• Financing a wedding
• Paying a tax bill
• Consolidating existing
outgoings into one monthly
repayment. If the term of
the agreement is longer
than those being repaid, the
total amount repayable may
be higher.
Our mortgage loans can be used for:
Our lending criteria:
Car Purchase and DebtConsolidationA couple are looking for £15,000 topurchase a new car for £5,000 and toconsolidate £10,000 of credit carddebt onto a lower interest rate. Theyhave a mortgage of £175,000 andwant to leave this in place as they areonly paying 1.5% on a 1% BoE Tracker.They were not able to raise the moneywith a further advance as theirmortgage company was no longeractively lending. A 5 year fixed ratesecond charge with United Trust Bankwould allow them to clear their creditcards in full and purchase the car theywanted without having to lose theirvery competitive tracker mortgage.
Buy-To-Let (BTL) Investment PropertyA self-employed person wants torelease some equity in a BTL propertyin order to purchase a second. Thecurrent BTL is a flat valued at£350,000, with an interest onlymortgage of £200,000. By taking a 5year fixed rate BTL second chargewith United Trust Bank, they wouldbe able leave their interest onlymortgage in place and raise £50,000for the deposit for the new flat. Thiswould give them assurance that theirrepayments would not change forthe next 5 years, and because thesecond charge has no redemptionpenalties, they could also makeadditional payments or redeem themortgage at any time.
Wedding and Home ImprovementsA couple want to raise £10,000towards a family wedding and£90,000 to extend their house witha garage conversion and additionalbedrooms. Their property is valuedat £850,000 and they have a£480,000 mortgage with 2 years ofa fixed rate left to run. Using asecond charge BoE tracker fromUnited Trust Bank would enablethem to raise the money theyneeded without incurring costlypenalties on their main mortgage.Additionally, as their second chargehas no redemptions penalties, theywould be able to use a quarterlybonus to make lump sum paymentsto either reduce the loan’s term ortheir monthly repayment.
• Many property types
considered, subject to
valuation
• Employed, Self-Employed
and Pension income
considered
• Affordability must be
evidenced for the entire
loan term
• Previous credit history taken
into account
Loan examples
Please note these are examples of the types of loans we offer.
United Trust Bank’s range of specialised mortgage products offers individual underwriting expertiseand a focus on exemplary service.
Specialised Mortgages
SPECIALISED MORTGAGES
we understand specialist banking
“Our highly skilled and experienced
specialised mortgage team offers a
range of innovative, secured products
through a panel of approved
introducers. Our dedicated
underwriters consider each case
individually to ensure that brokers
and customers receive quick and
consistent lending decisions based on
a deep knowledge of the industry and
a common sense approach to lending.”
Robert OwenHead of SpecialisedMortgages
We only accept applications via approved introducers who are appropriately regulated
and monitored. When an application is received, we assign a dedicated underwriter to
each case to ensure that our introducers have a single point of contact throughout the
application. The underwriter will stay in close contact with the introducer, giving them
informative updates throughout the process. Once the loan has completed, our
customer service team will be on hand to assist the borrower throughout the life of
the loan with any issues or queries.
We pride ourselves on delivering a high quality service by offering innovative,
competitive products, employing skilled experts and listening closely to our customers’
needs. We are committed to ensuring every application we accept proceeds to a
smooth completion.
Not every customer fits neatly into the category of a ‘standard’mortgage applicant and that’s why United Trust Bank has built a teamof mortgage experts to appraise every application we receive beforemaking a common sense decision based on the full picture. We lend ona variety of property types for a wide range of purposes, includinghome improvement, car purchase, and consolidation of outgoings, andwe consider employed, self-employed and pension incomes.
16-17
A valued partner of UTB has assisteda top firm of architects for manyyears. The firm were upgrading theirprestigious London offices, includingupdating their technologyinfrastructure. On this occasion, thefirm required a longer term loan toaccommodate the hardware,software and service costs they wereincurring. We agreed to provide thenecessary funding to enable them tocontinue acquiring the technology intheir own timescales, without theworry of compiling invoices andstalling supplier payments for atraditional lease. In addition, theywere able to pay for their IT over theuseful life of the technology, showinginstant ROI on their purchase.Loan amount: £350,000
• Finance Lease
• Hire Purchase
• Commercial Loan
• Technology Finance
Agreement (Hybrid)
Products
Lending criteria
We were approached by anintroducer with an excellentreputation for representing highquality customers. In this instancethe customer was itself a technologycompany which designs, suppliesand supports bespoke computersystems, software and services. Thecompany was looking to upgrade itsown systems and, despite a legacy ofhigh debt, the company had a solidbalance sheet and was profitableoverall. The company needed to funda combination of hardware, softwareand services over a 36 month termand because there was a highservices element, we quickly agreedto provide finance via our innovativetechnology rental agreement.Loan Amount: £104,100
A sole trader law firm, identified byChambers UK as one of the topfirms in London, had undergone aperiod of growth which includedexpanding its operations andopening additional offices. The firmnow wished to invest in improvingtheir IT infrastructure and requiredfunds for new servers, laptops,software, services and consultancycosts. As it was a relatively smallloan, compared to the size of thebusiness and its profitability, wewere able to turn the deal aroundquickly and within six hours ofreceiving the proposal had agreed aloan to be repaid over 36 months.Loan Amount: £90,000
We were approached by a brokerrepresenting a large, independentmanufacturer of automatictransmissions and torque convertersfor cars and other vehicles. Thecompany is very highly regarded inits field and has contracts withseveral high profile carmanufacturers. The company is theUK arm of a large, global group andrequired funds to purchase a range ofnew hardware including servers andassociated technology andequipment. Although part of acomplex international group, therewas sufficient merit in the UK armalone to allow us to provide a 36month HP agreement with aguarantee from the parent company.Loan Amount: £40,000
• Facilities from £5,000 to
£750,000
• 12 – 36 month lease and
loan terms
• All commercial and
professional businesses in
mainland UK
• Non-regulated agreements
only
Case files
Assets financed
• Desktop technology devices
• Mobile technology
• Servers and infrastructure
• Software (delivered and
hosted software)
• Services (Maintenance,
support and development)
United Trust Bank is a specialist lender providing innovative funding solutions for IT hardware,software and services to UK businesses through our network of approved introducers.
Technology Finance
TECHNOLOGY FINANCE
With the replacement time for IT hardware decreasing and constant developments
in software and IT storage, businesses are reviewing their technology requirements
more regularly than ever. In addition, businesses are increasingly viewing their IT
systems as they would any other substantial asset, and choosing to pay for it over
its lifetime rather than in one lump sum. With this in mind, United Trust Bank’s
specialist Technology Finance division has developed an innovative new product,
available through its network of approved introducers, which enables customers to
not only finance up to 100% of the costs of a traditional hardware/delivered
software technology solution, but 100% of the costs associated with a cloud based
or hosted services solution, without the requirement for large, up-front deposits.
Technology is woven into the fabric of many UK businesses and isan enabler for improving sales and reducing costs. A lack ofinvestment in technology can leave companies at a competitivedisadvantage. New hardware and software solutions can help themto adopt more flexible working practices, provide greater costbenefits, increase speed of production or response or just generallyimprove connectivity and integration. However, we understand thatthe costs associated with purchasing new technology can be abarrier to business improvement.
we understand specialist banking
“For many businesses, investment in IT
is no longer a nice-to-have but a
necessity. At United Trust Bank, our
dedicated team of technology
finance experts provides broker
partners with innovative financial
solutions which allow their clients to
pay for ‘cloud’ and hosted technology,
as well as more traditional hardware
and software technology, over the
useful life of the asset. Our financial
solutions are funding the future of
IT expenditure.”
Kevin FlowerdayHead of Technology Finance
we understand specialist banking
Contact us – 020 7190 5555
Contact our Asset Finance TeamEmail [email protected]/asset-financeAsset Finance
Contact our Bridging Finance TeamEmail [email protected]/bridging-financeBridging Finance
Contact our Development Finance TeamEmail [email protected]/development-financeDevelopment Finance
Contact our Professional Lending TeamEmail [email protected]/professional-lendingProfessional Lending
Contact our Specialised Mortgages TeamEmail [email protected]/specialised-mortgagesSpecialised Mortgages
Contact our Technology Finance TeamEmail [email protected]/technology-financeTechnology Finance
This information is strictly for the use of professional intermediaries only.United Trust Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
