Personal Canvas Prints plots growth
Corby-based Personal Canvas Prints has secured funding from the Close Brothers Asset Finance Print team to purchase a significant amount of stock following a large order.
Print Monthly Consultant Editor
Wednesday, 03 Aug 2022 08:30 GMT
[L to R] James Margrett and Andrew Bourke celebrate the deal
The deal, a refinance of existing assets, was completed and paid out within 24 hours of the receipt of the required financial information.
Personal Canvas Prints specialises in design and print home furnishings in the textile printing sector.
Andrew Bourke, managing director at Personal Canvas Prints, comments: “I’m over the moon that this was achieved in such a short turnaround – it really was above and beyond my expectations. The fact we were able to secure the funding so quickly alleviated a lot of potential stress and concern.
“I’m really pleased to again have Close Brothers Asset Finance on board as our funder because, with their personal approach and long history in print and packaging, we know we’re in good hands.”
James Margrett, area sales manager at Close Brothers Asset Finance Finance’s Print division, adds: “Personal Canvas Prints wanted to raise funding to assist with their growth aspirations following a large order from a well-known retailer.
“The customer had a ‘dream deadline’ of turning the deal around by Friday with the first conversation having taken place on the Tuesday afternoon. We received our valuations on the customer’s assets early on Wednesday with the proposal then written up on the same day. Approval and signings followed on Thursday with pay-out on Friday.
“I’m delighted we were able to help Andrew and the team at Personal Canvas Prints secure the funding they needed for what is an exciting time for the company, and I look forward to working with them in the future.”
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