Catering and event firm lands CBILS funding
A catering and event management company has secured CBIL funding from Barclays.
Leicester based Sanjay Foods has received the funding to support the business with fixed costs and salaries.
The business, which was established in 2010, specialises in corporate and private events as well as Asian weddings.
Founder Atul Lakhani said: “2020 was set to be a busy year for Sanjay Foods, but the lockdown meant that our revenue was completely decimated. Our previous bank wasn’t able to offer us the support we needed, so we turned to Barclays. They helped us to secure a CBIL loan five days after our application was submitted, which has given us the financial cushion we needed to survive this difficult period. We are now offering a successful takeaway service which has given us a chance to reconnect with our local community of Leicester.”
Rose Barnard, Barclays business manager, said: “I was determined to provide Sanjay Foods with a package of assistance to ensure the business would survive the pandemic. I’m delighted that the funds have allowed the business to focus on its new takeaway and home catering venture, with the hope it will once again return to delivering amazing events for its customers in the future.”