Specialist branded merchandise agency,HMA Creative, has secured a £1.35m funding facility from Independent Growth Finance (IGF), which combines a CBILS loan and confidential invoice discounting solution. The Aylesbury-based creative agency provides promotional marketing merchandising to some of the leading drinks brands in the UK, such asJameson Whiskey, Absolut, and Malibu. The team of product engineers, […]
Family fun restaurant Yamas Tapas and Meze opened in Nottingham in 2001. It’s so popular that owners, the Ktori family, had completed renovations to double its capacity just weeks before lockdown forced it to temporarily close. The restaurant applied to the government’s Bounce Back Loan Scheme through Santander UK for funding to help safeguard the […]
Arbuthnot Commercial Asset Based Lending (ABL) has provided fast-growth social housing renovations and maintenance specialists, PiLON Ltd. (PiLON) with a £3.5m funding package to drive further business expansion. Over the past two years, PiLON has seen its revenues more than double, putting significant pressure on an existing funding facility that was no longer able to […]
Aspen has completed a £1.5m, 75% development-exit bridge on two semi-detached newbuild homes in Hertfordshire, giving the client extra time to secure market value sales. With only snagging work remaining following delays caused by the Covid-19 pandemic, the developer was looking for a capital raise on the site whilst extending the marketing period of the […]
One of Manchester’s most iconic music venues has secured its future with the support of a six-figure funding package from Lloyds Bank. Based in the Northern Quarter, Band on the Wall has a musical history spanning more than 200 years and has hosted performances from the likes of Joy Division and Buzzcocks. Alongside being a […]
Ravensworth Nurseries in Richmond, North Yorkshire is investing £1.1m in developing an upmarket retail garden centre to enhance its already successful plant nursery with funding from Reward Finance Group. Having been established for more than 50 years, the family-run business, which is the largest grower of Poinsettias in the North of England, has developed an […]
A Bideford-based dairy business has achieved exponential growth in its first year of trading after securing significant contracts in both the UK and overseas, and launching new product ranges, with the support of a £1.6m funding package from Lloyds Bank. Millbrook Dairy Company, which was founded in 2019 by respected dairy industry experts, David Evans […]
Sheffield-based accountancy firm, Lishmans LLP, has secured a £250,000 funding package from NatWest as part of the Coronavirus Business Interruption Loan Scheme (CBILS) to support the future of the business and drive forward expansion plans. The funding has enabled the business, which provides business consultancy, accountancy and taxation services, to continue servicing clients and retain […]
A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer’s £125k auction purchase deposit and provided additional funding on a part-finished development. Completed in just 15 days at 0.49% for six months on the lender’s stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one […]
A sea view hotel on the South Devon coast is to make way for a series of modern ‘staycation’ apartments in a £3.3m re-development project. Lantern Lodge Hotel, based in Hope Cove, Devon, will be replaced by 14 new modern apartments by Trinity Square Developments. Nine of the new units – which will provide guests […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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