Inspire secures seven figure facility from Secure Trust Bank
Secure Trust Bank Commercial Finance has provided Inspire, a rapidly growing IT consultancy business, with a seven figure invoice finance facility.
Founded in 2008, Inspire manages and delivers projects in digital development and IT infrastructure technology, utilising virtualisation and the cloud to provide the highest quality of service. The business has its head office in Bristol, offering services to clients across the UK and Europe.
Inspire has developed three rapid response services, tailored to IT infrastructure needs. Iconsult, the firm’s consultancy service, utilises cutting-edge technology to manage and deliver business critical projects, while the iflex service offers clients rapid delivery of consultants for infrastructure projects. Inspire’s third service, italent, is the business’ permanent recruitment division, supplying expert staff to clients.
The funding from Secure Trust Bank Commercial Finance will allow Inspire to enhance its cashflow, build upon its strong performance within the outsourcing sector, and grow its presence in the UK digital IT market.
Secure Trust Bank Commercial Finance provides asset-based lending facilities from £500k to £30m to help SMEs grow. The firm provides a full suite of products, covering plant, equipment and invoice finance.
Sue Arnold, managing director at Inspire, said:
“Technologies are advancing rapidly in IT infrastructure and so too is the work we’re required to do. We have sought to capitalise on the opportunities that this evolution has presented to us and have achieved sustained growth as we continue to do complex work for blue-chip, global companies. Having a flexible partner that was able to offer support to a changing but complex IT service was paramount to meet the growth needs of our business.
“Secure Trust Bank’s approach was refreshing; they took a significant amount of time to get to know us, our business and our market. We are really looking forward to a strong working relationship with Secure Trust and are confident we can reach our potential with their support.”
Sean Powell, national sales director at Secure Trust Bank Commercial Finance, said:
“We are delighted to be supporting Inspire, and have worked closely with the management team to ensure that our facility was tailored to allow the business to achieve their plans.
“Inspire has huge potential, with an impressive portfolio of clients in the IT sector, and the new funding and recent investment means the company is in an excellent position to realise its potential. We look forward to our future together as the business expands further into the outsourcing market.”