Trades and Labourers, a multi-disciplinary construction company in Staffordshire, secured a £150,000 loan to kickstart growth plans, protect four jobs and create an additional ten jobs during the term of the loan after having to scale back its operations during the first Coronavirus lockdown.
Lynn Sanders, managing director of the firm, said:
“With new funding in place, the company intends to continue fulfilling existing contracts that were previously on hold, whilst also having the working capital required to secure new contracts in the coming months.
“After an incredibly challenging 2020, whereby our company had to put a number of contracts on hold due to the Coronavirus and temporarily furlough staff – retaining a small number for emergency work required by our clients – we are delighted to be firmly looking to the future now by completing existing client contracts and looking to expand the business.”
