HTB relaunches Syscap for short-term loans

Hampshire Trust Bank (HTB) is relaunching HTB Syscap, the lender of short-term loans to professional firms and SMEs, following its acquisition of Wesleyan Bank in February 2022. HTB Syscap will initially be offering two key lending facilities – short-term working capital loans and asset financing – designed to help legal firms and other professional firms and SMEs manage their cash flow.

HTB Syscap’s lending facilities allow firms to borrow money over the short-term in order to meet costs such as self assessment or corporation tax bills, with minimal impact to the firm’s cash flow. Short-term working capital loans can also be used for reoccurring annual expenses such as insurance premiums, VAT liabilities and practising certificates. The application process is quick and easy, with flexible terms available between 3-18 months

For purchases such as computer and telecoms equipment, software, office equipment and refurbishment, vehicles and plant and machinery, HTB Syscap is offering asset financing with lending terms available between 1-5 years

Borrowers of both facilities will benefit from the security of a fixed rate of interest to ensure monthly repayments and competitive terms which can represent better value than using an overdraft facility, HTB Syscap pointed out.

Stuart Hulme, managing director at HTB (pictured), commented: “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.

“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.”

John Clarke, head of sales at HTB Syscap, 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.”