ABN AMRO Commercial Finance delivers funding solution to national food distributor
ABN AMRO Commercial Finance has delivered a £10m receivables funding line to Özgür Tarim UK Limited.
Established in 2017 by Marcus Welch, Özgür Tarim distributes dried vine fruit across the UK from its headquarters in Halstead. Working with the largest food processor in the industry, the business imports its produce from the Özgür family plant in the sultana raisins capital – Manisa, Turkey.
As a rapidly growing business in a competitive market, Özgür Tarim required a sustainable funding partner to bridge the gap between supply and demand and help broaden the portfolio through the acquisition of sizeable new contracts and future expansion of the product range.
To support continued growth, ABN AMRO has provided a £10m receivables funding solution, including an Enterprise Finance Guarantee top up loan.
Marcus Welch, managing director at Özgür Tarim said: “We are pleased to have been referred to ABN AMRO. The team have been excellent – all the way from the initial contact, through to sales support and hand over to a dedicated relationship manager. The ease of doing business and a relationship driven approach provides us with a suitable funding package and strategic partner for growth.”
Ryan Whitworth, business development manager at ABN AMRO said: “Marcus and the team at Özgür Tarim have been a joy to work with. By taking the time to understand their business requirements, we have been able to deliver a flexible funding solution to support their growth ambitions.”