Secure Trust Bank Commercial Finance has provided asset based finance facilities to Infiniti Films and White Knight Laundry Services.
The company together with SKG Capital have provided £1m (1.27m) worth of funding and investment to support the acquisition of White Knight Laundry Services, a provider of laundry services to international hotel chains.
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The joint equity funding and asset based lending facility marked the second transaction that Secure Trust Bank and SKG have completed in the laundry sector, following the £4m backing of AAA Linen in November 2014.
Secure Trust Bank Commercial Finance has also provided Infiniti Films with a £500,000 invoice finance facility, to facilitate the firm’s expansion into global markets.
Based in Liverpool, Infiniti Films supplies slitting, extrusion and rewinding facilities to clients across the UK and Europe.
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