United Trust Bank has launched a new Professional Lending product.

It is designed to to provide short-term working capital financing solutions to the professional services sector.

The lender says its new product, developed and managed by Kevin Flowerday who recently joined United Trust Bank from professional lending specialist Syscap, signals a move for the bank into a new lending sector that will support new and existing broker partners already using its services for asset finance, development finance and bridging loans.

The loans will be available to a range of professional businesses which have been trading for more than three years. Loans could include those for payments due to HMRC, for professional indemnity premiums and practising certificates.