Structured asset finance team completes £1m refinance facility for food manufacturer

Background

A well-known South Wales based food manufacturer was seeking a £1m 60-month refinance facility.

Challenge

Having recently experienced strong growth in the supermarket sector, there was a requirement from the customer to free up some cash urgently to assist in this growth period.

 

Solution

The team were able to support the business by re-financing some of their manufacturing assets and releasing £1m into the business in a matter of weeks.