GBM Digital secures £500,000 loan

MANCHESTER-based Apple and PC distributor GBM Digital Technologies has secured a £500,000 loan facility with Barclays.

It plans to use the cash to support future growth.

Barclays said the business, which has 37 staff, saw revenues grow by 32% to £17.7m in 2012-13. This followed a 185% increase to £10.5m in the prior year.

Director Michelle Atkinson said: “GBM has grown significantly over the last few years. We have developed a strong relationship with Barclays as we want a bank for the long-term that supports our aims and ambitions with a relationship team who understand our business and we have worked together to achieve this.”

Isabella Todd, trade director at Barclays, said: “GBM is a well-run, growing North West business and is now ideally positioned to continue on its growth track over the coming years.”