StockMarketWire.com - Specialist finance provider 1pm said it had agreed to an increase in its debt facilities to up to £25m to support its lending activities.

The increase was applied to a current £7.5m secured medium-term note programme.

In addition, a further £5m of funding specifically for the group's loans business had been established with some of its long-standing funders.

'We now have sizeable funding facilities in place across all our divisions, affording comfort over our funding capabilities for the foreseeable future as well as providing a wide range of cash flow solutions to the UK SME market,' chief financial officer James Roberts said.

At 9:46am: [LON:OPM] 1pm PLC share price was +1p at 33.5p



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