StockMarketWire.com - 1pm plc - the AIM-listed specialist independent provider of lease asset finance to the SME sector - has negotiated a new block discounting facility totalling £1.5m. This additional funding will be used exclusively for the purpose of writing new business.
The loan terms are consistent with those of other funders to the group.
The group also announced that it had received a further £270,000 from its quarterly loan programme with Lesmoir-Gordon, Boyle & Co set up in March. This is the second quarterly tranche, making aggregate loans to date of £0.59m.
At 2:14pm: [LON:OPM] share price was -0p at 0.31p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.