Hampshire Trust Bank relaunches short-term lender HTB Syscap

Hampshire Trust Bank (HTB) has announced that it is relaunching short-term loan lender, HTB Syscap, following the acquisition of Wesleyan Bank in February.

HTB Syscap’s lending facilities help professional firms and SMEs to borrow money over the short-term in order to meet costs with minimal impact to the firm’s cash flow.

The lender will initially offer short-term working capital loans and asset financing, and the loans are designed to help legal firms manage their cash flow by helping to cover the costs of running a business, from paying tax liabilities to investing in larger purchases such as office equipment.

HTB Syscap suggested that its short-term working capital loans are ideal reoccurring annual expenses such as insurance premiums, self-assessment and corporation tax, VAT liabilities and practising certificates. The lender added that its asset finance facilities can be used for purchases such as computer and telecoms equipment, software, office equipment and refurbishment, as well as vehicles and machinery.

“We are really excited about the relaunch of HTB Syscap, particularly at a time when small business groups are concerned that traditional lenders are pulling up the drawbridge for small firms,” commented HTB managing director, Stuart Hulme.

“With this in mind, we are providing these two lending facilities so that professional firms and SMEs can gain a greater degree of control over their monthly outgoings by smoothing over the financial peaks and troughs throughout the year, enabling these hard-working small businesses to concentrate more of their time on the day-to-day.”

Head of sales at HTB Syscap, John Clarke, added: “We fully appreciate that busy professionals are time poor, which is why we put service at the centre of our proposition: our clients have access to a dedicated relationship manager who will guide them through the applications process and we’ll typically obtain credit decisions within 48 hours.

“For existing clients looking to renew, they just need to advise us of their requirements, with no need to complete and sign additional documentation.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.


Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.