Legion expecting its deals activity to step up

BIRMINGHAM-based Legion Trade Finance has said it expects to its activity levels pick up over the coming months.

The firm’s confidence follows the delivery of three new diverse funding deals, worth a total of £1.3m.

The first saw the Brindleyplace firm facilitate a £1m stock purchasing facility for an engineering group. This was followed by a £110k term loan for a fireworks company and a £200k supplier payment facility for an LED distributor.

Mike Yiannis, CEO, Legion Trade Finance said: “We are delighted to have completed three new deals which exemplify our various solutions and diversity of businesses we can support.  We continue to experience strong demand from SMEs and expect to announce more deals in the coming weeks.”

Legion is an independent financier providing working capital solutions to companies looking to secure growth. Its solutions include supplier payments and supply chain finance, stock loans, letters of credit and structured finance for special situations. Funding starts at £100k.