The fresh produce and catering supplier for leading hotels and restaurants that are located in Wellingborough, Northamptonshire has revealed their plans for a new finance facility. Eureka Produce has announced their new facility that will be worth £500,000 with Aldermore, a specialist bank.
Eureka Produce was started in 2009 by Robert Hudson, and has always experienced rapid levels of growth since their launch. The independently owned business has grown by £3.2 million in sales over the course of the last seven years. A great deal of progress for the young business. The business employs more than 40 staff members at the minute. However, the new funding received from Aldermore should allow the fresh produce and catering supplier to take on more employees in the future.
As Eureka continued to improve, the business has had to move financial provider in order to sustain their levels of growth. The move to Aldermore has given the business the financial backing it needs to continue expanding. Aldermore has been able to offer the produce company a great deal more stability and flexibility in their business compared to previous financial solutions. The specialist bank also has expertise in the business side in order to help Eureka to grow. The deal between the two businesses only took three weeks to complete.
Aldermore focuses on knowing the industries of the businesses it lends to, which can help them reach their growth potential. The bank also aims to support a wide variety of SMEs, or Small and Medium Enterprises with tailor made financial solutions.
Aldermore doesn’t have a network of branches, preferring to offer their straightforward products that serves their customers and intermediary partners via online, phone or face to face methods out of their regional offices around the UK. Aldermore was established in 2009 and has since also grown significantly.