UT schools transport owners on good business practices

UT Financial Services (UTFS), a non-bank financial institution, last week held a day's seminar for small transport owners to educate them on good business practices necessary for the survival of their operations.

The forum was also to enhance the management skills and understanding of the entrepreneurs on the need to do basic book-keeping.

Speaking at the forum Captain Budu Koomson (Rtd), Chief Operating Officer of UTFS, said the company continue to live by its tenets of providing customers with fast and efficient short-term loans and real returns on investments.

He said the company would meet the short-term financial needs of local traders, exporters and importers as well as business organisations to avoid the closure of their businesses.

Captain Koomson said the company remained committed to provide clients with quality and prompt services.

He explained that because UTSF has to borrow from individuals of high net-worth and institutions with investment and provident funds, the maturity period of loans are usually very short.

The company provides loans in emergency situations; stop gap loans to individuals waiting for disbursement of funds from their traditional banks, working capital and export and import loans.

It also provides school and car loans. The Unique Car Loan is a 70/30 unrestricted car loan deal geared towards assisting salaried and non salaried workers to own a car for personal or commercial use. UT finances 70 per cent of the cost of the vehicle at a low interest rate following a 30 per cent down payment by the client.