CCR Magazine

You are here  :Home arrow News arrow Independent Growth Finance delivers funding package to European Packaging Distributors
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Independent Growth Finance delivers funding package to European Packaging Distributors PDF Print E-mail
Wednesday, 17 May 2017
IGF, the leading commercial finance provider for SMEs, has delivered a £650k facility to European Packaging Distributors (EPD), made up of a £500k invoice finance and a £150k revolving cashflow facility.

EPD sought a new finance partner as the incumbent financier was unable to offer the facilities to maintain its cashflow and allow the firm to purchase increased levels of stock from overseas suppliers. Longer term, the funding has allowed the business to support its growth and free up additional funds for its expansion, starting with the hire of two new recruits since the facility was delivered.

EPD is an independently owned provider of bespoke packaging solutions for many industries, including as specialist suppliers to the food and food-service industries, in addition to supplying a wide range of transit packaging from its extensive stock.

Paul Sykes, Company Director at European Packaging Distributors, comments: “We chose IGF after being impressed by the team’s thorough evaluation of our business and understanding of our needs. The firm has been very proactive from the start, and we’ve found working with them to be a refreshing experience from our previous funding partners.”

Aman Gill, Regional Sales Director at Independent Growth Finance, adds: “We are seeing more and more that small businesses are finding mainstream lenders too rigid to support their growing needs. We saw the business potential in European Packaging Distributors and are proud to have supported its expansion.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197