Tolent secures £12m in ABL funding from IGF to bolster future growth
North East-based construction company, Tolent, has secured a £12m asset based lending (ABL) facility from Independent Growth Finance (IGF) to help st…
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About us
Independent Growth Finance (IGF) has been funding the growth aspirations of UK businesses, with a turnover of £1m to £100m, since 1997.
As a fast-growing, private equity-backed, entrepreneurial business, we understand the challenges growing companies face and what it takes to build and grow a successful business.
Supported by a head office in Redhill and offices in London, Birmingham, and Manchester, IGF is a national, full service, fully capitalised asset based lender. We provide flexible event-driven funding solutions for mergers and acquisitions, MBOs/MBIs, growth and expansion, restructuring and turnarounds, and buy & build.
Working with a range of partners such as, corporate financiers, private equity houses, national and regional accountants, and turnaround practitioners, IGF finances businesses across a wide range of sectors. These include manufacturing, wholesale, business services, food and drink, care, trades and construction, and oil and gas.
We are noted for our expertise and speed of transactions and decision-making. Every opportunity is assessed by our senior team, with funding decisions given within 48 hours. Confirming our position as the independent asset based lender of choice for aspirational UK businesses.
For more insight, our company video and case studies showcase how we’re helping hundreds of clients achieve their growth ambitions.
Our team of decision-makers are some of the best in the business, and our mission and principles show what we care about and what makes us unique.
North East-based construction company, Tolent, has secured a £12m asset based lending (ABL) facility from Independent Growth Finance (IGF) to help st…
Read more…Initially, we went to a high street bank, but ultimately we needed a more flexible facility to see us through this next chapter. Every day has been different and sprung on new challenges since the start of lockdown. The facility had to be put in place quickly to allow for a 6-month window starting in August and then ramping up to our peak trading in October and November. Not only did this funding give the business a safeguard, it also ensured we could keep our team employed ahead of a recession.”
