Leicester comms firm lands £100,000 funding deal

Leicester-based wireless communications firm Airefibre Network Services has landed a £100,000 working capital finance deal from Yorkshire-based One Stop Business Finance.

Airefibre director John Peck says he will use the loan to support the growth of his business, repaying One Stop in 18 months.

Peck said: “We have traditionally worked with factoring companies and it was clear our business needed a capital funder. One Stop Business Finance didn’t just look at our business as balance sheet but as a real company with real people working with their business challenges. The service is outstanding and the close business development has been a breath of fresh air. Our business expansion is now rapidly moving into Nottingham and Coventry and we are looking forward to a successful year thanks to One Stop Business Finance.”

Andrew Mackenzie, managing director at One Stop, said: “One Stop Business Finance is delighted with the Airefibre Network Services transaction as it is another new client based in the East Midlands, which further cements our position as a regional player.”

The legal work on the deal was undertaken by Ben Slack, John-Joseph Massey, Alexander Blease and Max Wayman of Clarion Solicitors in Leeds.