United Trust Bank provides funding to SME

Core Insights - United Trust Bank (UTB) Asset Finance has secured a £900,000 ($1.18 million) funding arrangement with a plant hire SME to expand its collection of scissor lifts in response to increased customer demand [1] - The swift execution of the financing agreement was facilitated by an existing relationship between UTB and the introducing broker, highlighting the importance of strong broker relationships in achieving successful outcomes [2] - UTB Asset Finance has a diverse funding appetite, ranging from £50,000 flow deals to complex multi-million acquisitions and refinances, emphasizing its capability to cater to various financing needs [2] Company Overview - United Trust Bank, established in 1955, specializes in providing development finance to SMEs, particularly in the housebuilding sector [4] - The bank was acquired by Insinger de Beaufort in 2001 and underwent a management buy-out in 2004, returning to private ownership [4] - UTB Asset Finance recently extended a finance package worth £252,000 (approximately $339,948) to a geospatial mapping company for the acquisition of advanced mapping technology [3]