Lloyds cleans up with loan

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Lloyds Bank Corporate Markets’ Sheffield team has helped Calderdale commercial laundry equipment specialist JLA to invest £12.5 million in future growth.

The team is providing a £7.5 million facility for capital expenditure and up to £5 million-worth of working capital.

David Hunt, relationship director at Lloyds Bank Corporate Markets in Sheffield, said: “We have had a relationship with JLA since 2007 and we are delighted to be taking on their full business banking services.

“JLA has been able to differentiate itself in a competitive market and this latest round of finance will drive its growth in existing markets as well as enable management to look at new opportunities.”