Liberty Leasing has announced a £3 million increase to its existing facility with United Trust Bank (UTB), bringing the total to £10 million. The expansion is intended to enable Liberty Leasing to provide additional asset finance to UK small and medium-sized enterprises (SMEs) across sectors including construction, engineering, transport, agriculture and printing.
The independent lender said its structure allows it to make lending decisions independently, tailoring finance to meet individual customer requirements. According to the company, its human-led underwriting approach enables consideration of each application on its own merits.
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Alan Cooper, Finance Director at Liberty Leasing, said the increased facility would “enable us to further extend our support of British industry” and expand the company’s reach among SMEs seeking asset finance.
United Trust Bank, which launched its block discounting activities in 2024, provides secured funding facilities to individuals and businesses, as well as deposit accounts for individuals, businesses and charities. The bank’s block discounting division supports non-bank lenders that are unable to fund their operations through retail deposits.
Julian Mellors, Head of Wholesale Financing at UTB, said the bank was “pleased to augment our block discounting facility for Liberty Leasing,” adding that the partnership reflects UTB’s commitment to supporting independent asset finance providers serving UK SMEs.
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