Lenders join forces to offer wider range of finance
Sheffield based contract finance lender Cirrus 4Syte Limited (formerly Cirrus Construction Finance Ltd) has been acquired by 4Syte Ltd and has secured additional lines of funding to help local and national contractors and construction businesses finance their growing order books.
The company offers bespoke finance to businesses that take on contractual work, including in the construction sector. Working alongside existing lenders Cirrus 4Syte will provide the additional finance to help companies take on extra projects and more contracts.
Established in 2014 from its offices at Omega Court in Sheffield, Cirrus 4Syte has built a reputation for offering finance where other larger established finance companies have been unable to lend. Joining forces with 4Syte Limited, which now owns a majority stake in the company, not only means more funds available to lend but also gives customers access to other finance products.
Wayne Shore chief executive at Cirrus 4Syte, said:
“Over the last three years we have proved ourselves to offer a service far more flexible than others in this market and demand for funding has often far exceeded the funds we had available. Now that we have secured new lines of funding we can continue to grow and provide many more businesses with bespoke contract finance that they so often require.”
Nick Sellars, managing director of 4Syte said:
“We are delighted to join forces with Cirrus who we see as a perfect fit to allow us to offer a broad range of financial products across the UK. Working with Cirrus we can also help them establish stronger relationships in the South of England.”
Contract finance is customer and project specific with no minimum period of funding or minimum fees.
For more information contact Wayne Shore on 0114 236 5688 Email waynes@crsgroup.solutions or visit www.cirrus-4syte.com
