Shawbrook provides boost to Hi-Fi products distributor, Armour Home
Shawbrook has funded a £5,750,000 asset-based lending plus cashflow loan facility for a Hi-Fi products distributor, Armour Home.
George Dexter, managing director, Armour Home, said:
“Shawbrook’s stock lending policy really stands out in the asset-based lending market. Another distinctive aspect of our facility with Shawbrook is the additional cash flow loan they provided. It is extraordinary for a small cap company to be offered a loan of this kind and this has resulted in a level of funding that will allow us to achieve our plans for growth.”
Shawbrook has the ability to provide funding across all asset classes and leverage further with a cash flow term loan for those businesses with stronger EBITDA generation. We enjoy substantial backing as a strong platform to meet the growth ambitions of UK businesses.