Sound Investment for Amcanu

Investment

Monday, 1 February 2016

Amcanu are pleased to announce significant investment from Lloyds Bank Commercial Banking, which will allow them to buy new equipment and install a state-of-the-art new powder coating plant.

The bank has provided a £50K asset finance facility, enabling Amcanu to buy two new fork-lifts, as well as access funds against the value of the machinery.

The bank also offered a £250K commercial loan to support with the purchase of the new powder coating plant, which is due to be installed in February.

David Williams, manufacturing relationship manager at Lloyds Bank Commercial Banking, said: “Over the past 40 years, Amcanu has become a leading manufacturer in its field, so it’s important that they have access to the finance that enables them to retain this position moving forward.

“Through our knowledge of the sector, we’ve been able to provide a tailored funding solution which has helped the business purchase this high-quality piece of machinery that will form a solid foundation for future growth.”

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