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.”

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