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Rebecca Wayman

London debt financing firm bags £1m package to boost North East energy group

SME debt finance platform CODE Investing has secured a £1m finance package to support the growth of an energy and water efficiency firm.

The funding package - a £1m unsecured institutional loan over five years - received a provisional go-ahead within 24 hours of North East-based firm Cenergist making an approach via CODE Investing’s website.

Cenergist is an environmental and energy services company operating in the UK, Europe and India. It provides public and private sector companies alike achieve water, energy and financial savings.

The company is growing rapidly after winning several large contracts recently and expects to take on even bigger projects in the new financial year as its reputation grows among clients.

Cenergist contacted CODE Investing directly looking for a suitable finance solution to provide additional working capital that would enable faster growth.

James Hogan, business development director of CODE Investing, concluded: “We are delighted to have worked with James and his team at Cenergist and are pleased that we’ve been able to help them grow their business at the speed it deserves.

“Helping SMEs secure growth funding is our sweet spot and the technology-based platform we now have in place enables us to complete on loans in a fraction of the timeframe of the high street.

“Our access to unsecured loans of up to £5m is also proving highly popular with the businesses that approach us.”

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