‘Business as usual’ for photography firm after funding line secured
Leicestershire photographic print supply firm, Tetenal UK, has secured a finance facility through HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to support the business during the pandemic.
Tetenal UK is a distributor of photographic and printing equipment, photo studio equipment and stationary, and includes a number of high-profile brands in its product portfolio including Kodak, Epson and SpectraJet.
Mike Fawcett, managing director at Tetenal UK, said: “Fifty per cent of our business is focussed on retail, and whilst we continued to trade throughout the lockdown period, we were obviously operating at a much reduced level. We’re now back operating very much ‘business as usual’, but the support from HSBC UK was extremely reassuring during a very uncertain period.”
Richard Parker, HSBC UK relationship director East Midlands Corporate Banking, added: “The last few months have been particularly challenging for the creative sector and we were pleased to be able to support the team at Tetenal UK, with an additional finance facility to help them navigate this period of uncertainty. We look forward to continuing to work with the team as they plan for the future and as they adapt to meet changing customer demands.”