Skipton Business Finance has provided a £450,000 ($592,511) funding facility to EA First, a recruitment company headquartered in Birmingham, UK, to support its expansion plans.

Founded by David McGarry in 2019, EA First recruits for corporate office positions and operates from bases in Birmingham, Cambridge and London.

McGarry said: “Securing the funding from Skipton Business Finance was a key turning point for our business. It has given us the flexibility and confidence to move ahead with our acquisition plans and continue to expand our client base.

“We chose to work with Skipton Business Finance due to their incredible customer service and industry knowledge. Their confidential invoice discounting facility has unlocked exciting new opportunities and enabled us to invest in our growth strategy.”

The confidential invoice discounting arrangement is expected to provide working capital as the business pursues growth through acquisitions and seeks to strengthen its operational capacity.

The funding agreement was facilitated by Nottingham-based Evolve Business Finance, which assists businesses across the UK with finance options.

Skipton Business Finance regional sales director John Colburn said: “We’re delighted to have supported EA First with this funding facility as they enter an exciting new phase of growth.

“At Skipton Business Finance, we pride ourselves on building long-term relationships with our clients and providing funding facilities that evolve with their needs. EA First is a perfect example of how tailored financial support can help businesses reach their potential.”

Last month, Skipton Business Finance named Katrina Nolan as head of restructuring and recoveries to enhance its capabilities in managing client portfolios.