Deals of the Week, January 8 to 15 – Growth Business roundup 15 Jan 2021
Growth Business roundup of Deals of the Week, January 8 to 15, listing seed funding, venture capital and crowdfunding deals of note
£6.5m rolls in for used car management company
IT Fleet Automotive, a managing company for used car programmes of several major manufacturers in UK, has received a £6.5m facility comprising a £4.5m receivables finance line, together with an additional £2m CBILS term loan from Arbuthnot Commercial ABL.
The combined refinance package provides further liquidity for the business to manage the impact of COVID-19 and an increase in working capital to fund future growth.