Faith in Nature has announced a £3m funding injection to expand its manufacturing and business capabilities.
Cynergy Business Finance has provided the funding to the ethical beauty brand. The purpose of the facility was to provide a more flexible funding solution that would assist Faith in Nature in achieving its ambitious growth plans.
The business has been on a journey to considerably expand facilities in order to greatly increase production and drive future growth.
As a result, Faith in Nature required a more suitable working capital facility that was structured to meet its own unique circumstances and better support its day-to-day requirements. The versatile lending facility can be adapted as Faith in Nature continues to prosper, helping to propel the business into its next stage of growth.
John Allaway, Managing Director at Faith in Nature, explained: “Having worked with Cynergy Business Finance for several years, we have always found them to be understanding and collaborative throughout our exciting journey. It’s good to work with a bank with such a wealth of experience, with people who are able to create unique solutions and put in the extra effort to support the business at critical pinch points. It feels like we are working in real partnership with them.”
Danny Monksfield, Corporate Sales Manager at Cynergy Business Finance, added: “It has been a pleasure to work with Faith in Nature to significantly improve their working capital facilities. This is a fantastic example of how our flexible approach, combining the extensive knowledge of both our business finance and property finance teams, can enable the delivery of a full assetbased lending solution to UK SMEs. I am delighted that Cynergy Business Finance is partnering with such a
forward-thinking, environmentally conscious brand that has a fantastic plan for the future.”