Huddersfield textiles firm secures six-figure funding to support PPE production
A Yorkshire-based garment and textiles supplier has secured six-figure funding from HSBC UK to provide PPE for the healthcare industry.
Eastman Staples has secured a £300k loan from the bank through the Coronavirus Business Interruption Loan Scheme (CBILS).
Eastman Staples supplies a range of equipment such as sewing machines, fabric and textile tools to clients across the garment industry, but since the COVID-19 pandemic has begun working with the NHS and its suppliers to accommodate the demand for PPE.
Peter Kyprianou, director at Eastman Staples, commented: “As with many businesses, Eastman Staples has faced uncertain times during COVID-19, which has required us to quickly adapt our business model to clients’ needs.
“We were inundated with requests from PPE suppliers who were desperately trying to meet demand and we were determined to help them, but this would not have been possible without the HSBC UK team, including Navin Sharma and Joanne Evenden.
“The funding has enabled us to meet these urgent orders and helped to keep the business trading throughout this challenging time.”
Navin Sharma, relationship director for corporate banking at HSBC UK, added: “It’s vital that every solid business has the chance to survive during this challenging situation.
“The team at Eastman Staples has been incredibly flexible and dedicated during an uncertain time and we are humbled to support them as they strive to supply vital machinery.
“We look forward to seeing further demonstrations of how the business is helping their healthcare clients over the coming months.”
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