Brewery signs capital finance deal
STARTUP brewery Sentinel Brewing Co. has agreed a capital finance deal of £100,000 from One Stop Business Finance.
The brewery offers food as well as beer at its site in Sheffield, and intends to use to financing to bolster short-term cash flow. It will also be able to invest in new facilities.
Alex Barlow, managing director of Sentinel Brewing Co. Ltd said: “One Stop Business Finance Ltd stepped in where other lenders wouldn’t and turned around the loan within a week.
“As a result, we’ve got our new plant in situ and can look forward to brewing on it very soon.”
Andrew Mackenzie, One Stop Business Finance’s Managing Director said: “One Stop Business Finance is delighted with the Sentinel deal. Alex Barlow, the entrepreneur who is running the business, is of a very high calibre and the business is backed by a number of professionals with a strong track record.
“The financial projections ensured that the transaction met all our responsible lending criteria and the fact that Alex was so professional made this an easy deal to do. If his beer is half as good as the way he dealt with this transaction, his business will be unbelievably successful!”
Legal advice was provided by Ben Slack, Russell Stevens and Charlotte Carroll of Clarion Solicitors in Leeds.
