1pm, the AIM-listed independent specialist provider of finance facilities to UK SMEs, has supported its first client under the Coronavirus Business Interruption Loan Scheme (CBILS).
Lowton Motor Company Limited, a family-run car dealership, secured the £150,000 CBILS Loan to drive the business through the COVID-19 crisis and beyond.
Incorporated in 2012, Lowton Motor Company has spent the last 8 years building a strong reputation among its client base for selling high-quality vehicles at affordable prices. Having delivered strong financial results annually, the firm reported an eight-figure turnover in 2019 and had predicted ambitious growth for 2020.
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.