Case Study – Cashflow Solutions
Finance secured for expansion
Background
With four sites situated across North Yorkshire and having traded for over 15 years, Regency Pizza is a highly rated chain of takeaway stores with sites situated in Northallerton, Leeming Bar, Thirsk and Ripon.
Joe Costandi and his father Maher founded the business in 2002 and have seen substantial growth within that time. Their expansion plans have really picked up pace with two of the four sites opening within the last two years with more planned in the near future
Funding Requirement
The only way to fuel such growth is with cash and Joe approached Tower in regards to a working capital loan to fund the refurbishment and top of the range catering equipment.
To limit disruption to the business, the turnaround needed to be quick. Towers wide network of lenders and vast expertise within the loan market place resulted in the funds being available within just a few days
Summary
Tower leveraged our large panel of funders and the knowledge of our team members to ensure not only a quick turnaround but also at a very competitive rate. The capital has allowed Regency to continue with their expansion plans without compromising their cash flow.
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