Lamont Pridmore, The Corporate Finance Network’s representative in the Cumbria and Lancaster region, have enabled their client to expand their company with their fundraising project.
Chris Lamont, of Lamont Pridmore, was approached by the client, a company providing ‘green' energy solutions, when they were looking to expand their business by increasing the product lines they supplied. Unfortunately, no lender was initially willing to provide the funding required for this expansion.
However, due to the work of Chris, the company were able to secure £110,000 of funding with Lloyds TSB within 4 weeks, enabling them to expand as desired.
The deal was completed in February, with the client now increasing their product lines in order to take full advantage of the grants available to energy efficient power and heat sources for businesses.
