Eurolec, an established, family run, specialist re-manufacturers and suppliers of alternators and starter motors to the automotive industry approached Central Finance to help them with their ambitious business objectives and growth plans.
Central Finance sourced a six figure finance package including a Green Bridge Grant teamed with Peer to Peer financing for Eurolec.
Michael Hadley, Managing Director at Eurolec says: “To continue to innovate and keep ahead of the demanding changes in the automotive industry, we needed to invest in new machinery, update our premises and hire more staff to increase our output capacity.
“Finding the right funding to do this seemed complex and time consuming, especially grant applications and criteria. I met Steve Harris of Central Finance, following a meeting with my bank manager and it was clear from their experience and grant application success, we should ask the experts and I’m glad we did!”