LONDON (Thomson Financial) - 1pm Plc. said it has secured a further 1.1
million pounds from two of its existing lenders to now provide an increased
total funding facility of 4.5 million pounds.
The provider of asset finance facilities to the small business community
reiterated it continues to experience significant levels of new business as
small businesses continue to look for new ways of financing asset purchases in
the absence of debt facilities being provided by traditional lenders such as
high street banks.
The company said that the new funding, in addition to the recent successful
placing which raised 656,500 pounds, enables the company to secure increasing
volumes of new business and added that it looks forward to reporting further
progress.
TFN.newsdesk@thomson.com
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