Secure Trust Bank Commercial Finance has provided a £750,000 (€876,450) finance facility to BCE Distributors, a supplier of snooker equipment.
The Bristol-based company supplies Riley brand snooker tables and cues, and supplies chains such as Argos and Sports Direct, and aims to increase revenues to £5m within the next two years.
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BCE Distributors exports products across Europe and Asia, and hopes the facility from Secure Trust will allow them to free up cash flow to facilitate an expansion into the US market. The company also wants to hire five additional members of staff.
Stuart Lacey, managing director at BCE Distributors, said: “Having done a thorough search of the lending market, we preferred the option of Secure Trust as they were more nimble and too a more flexible approach.
“The whole process of partnering with Secure Trust as seamless and went very smoothly from the outset.”
David Parsons, strategic development director at Secure Trust Bank Commercial Finance, said: “We are delighted to be able to offer a flexible finance facility to meet its requirements.
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By GlobalData“The export market presents great opportunities, and with the business looking to expand into the US, we look forward to continuing to support Stuart and the team in the coming months.”
