Secure Trust Bank Commercial Finance has provided an invoice finance facility worth £750,000 (£840,830) to Ventilation Surveys & Services.
Ventilation Surveys & Services employs 60 staff and provides its services to public and private sector clients across the UK and Ireland.
The Liverpool-based ventilation cleaning and maintenance company hopes the deal will help it reach £5m turnover by 2018 by providing additional cashflow.
Ventilation Surveys & Services also hope to make further acquisitions over the next three years to expand in the ventilation compliance market.
George Friend, chief executive officer at Ventilation Surveys & Services, said: “We knew we needed the support of an invoice finance facility, and found Secure Trust Bank to be the ideal partner.
“The time that Secure Trust Bank took to understand our business and the sector meant they could provide a flexible facility to meet our needs.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Matthew White, regional sales director at Secure Trust Bank Commercial Finance, said: “The package we have put in place will enable the business to free up cashflow and ensure that it can manage the growth effectively moving forward.”