CODE Investing secures £1m unsecured loan
SME debt finance platform has secured a £1m finance package to support the growth of an energy and water efficiency firm.
The funding package will be a £1m unsecured institutional loan over five years and received approval from North East based firm Cenergist.
Cenergist is an environmental and energy services company operating in the UK, Europe and India that helps public and private sector companies achieve water, energy and financial savings.
James Waring, finance director at Cenergist, said: “The whole process was exceptionally straightforward, and we had a positive response in less than 24 hours.
“CODE Investing have been hugely supportive since our first contact, and collaborated with us closely throughout.
“Working with the CODE team felt like a partnership and the financing they have helped us secure will be critical to our future growth plans.”
James Hogan, business development director at CODE Investing, added: “We are delighted to have worked with James and his team at Cenergist and are pleased that we’ve been able to help them grow their business at the speed it deserves.
“Helping SMEs secure growth funding is our sweet spot and the technology-based platform we now have in place enables us to complete on loans in a fraction of the time frame of the high street.
“Our access to unsecured loans of up to £5m is also proving highly popular with the businesses that approach us.”