BEF has completed its first business loan under the UK Government-backed Recovery Loan Scheme (RLS).
Specialist social impact lender, BEF delivered their first RLS-backed facility to Wetherby-based Acquila Facilities, a UK leading industrial cleaning specialist and supplier of Builders Cleans and Sparkle Cleans. The £85,000 investment will support Acquila Facilities’ ambitious growth plans.
The business is set up to carry out industrial cleaning throughout the UK, taking on cleaning projects from small shops to supermarkets and hospitals to football stadiums and airports.
Stephen Waud, Chief Executive, BEF, added: "Last year was a challenging year in which we played a small, yet important role in supporting businesses across the UK with access to CBILS-backed loans."
"Our commitment to providing finance to those businesses who need it the most continues with our accreditation to deliver the Recovery Loan Scheme. It also thanks to the recent PIF legacy funds that we were able to support this business."
Mark Iley, Investment Manager, BEF, added: "Acquila Facilities are a young and ambitious business that have built an excellent reputation for their work. The investment will help them to fulfil their ambitious and achievable growth plans."
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