Home credit provider signs £15m facility
Home credit business Morses Club has signed a £15m loan facility.
The group has secured the extension which brings its overall revolving facility to £40m, to sit alongside existing lender Shawbrook Bank.
The Batley-based group will use the funding to support the growth of the company, which has seen around 550 self-employed agents and managers join the group recently.
The company anticipates that this will lead to more than 400 new agent territory builds in the current financial year.
Paul Smith, chief executive Offi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...