SME debt finance platform, CODE Investing, today announced it has secured a £1m finance package to support the growth of an energy and water efficiency firm.
The funding package – a £1m unsecured institutional loan over five years – received provisional thumbs-up within 24 hours of North East-based firm Cenergist making an approach via CODE Investing’s website.
Cenergist is an environmental and energy services company operating in the UK, Europe and India that helps public and private sector companies alike achieve water, energy and financial savings.
The company is growing rapidly after winning several large contracts recently and expects to take on even bigger projects in the new financial year as its reputation grows among clients.
Cenergist contacted CODE Investing directly looking for a suitable finance solution to provide additional working capital that would enable faster growth.
James Waring, finance director, Cenergist, commented: “The whole process was exceptionally straightforward, and we had a positive response in less than 24 hours. CODE Investing have been hugely supportive since our first contact, and collaborated with us closely throughout. Working with the CODE team felt like a partnership and the financing they have helped us secure will be critical to our future growth plans.”
James Hogan, business development director, CODE Investing, added: “We are delighted to have worked with James and his team at Cenergist and are pleased that we’ve been able to help them grow their business at the speed it deserves. Helping SMEs secure growth funding is our sweet spot and the technology-based platform we now have in place enables us to complete on loans in a fraction of the time-frame of the high street. Our access to unsecured loans of up to £5m is also proving highly popular with the businesses that approach us.”