New Banking Facility

RNS Number : 5073W

Orchard Funding Group PLC

26 April 2021

 

26 April 2021

Orchard Funding Group PLC

 New Banking Facility

Orchard Funding Group ("Orchard" or "Company"), the finance group which specialises in insurance premium finance and the professions funding market, announces that its subsidiary Orchard Funding Limited has completed a new banking facility with National Westminster Bank plc. The facility will provide finance to the group for all its core historic lending and its lending in new markets such as static caravans. The total amount of available banking facilities to the Company is now £22m.

For further information, please contact:

Orchard Funding Group PLC                                                     [phone]

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)    [phone]

Neil Patel

Richard Bootle

For Investor Relations please go to:  www.orchardfundinggroupplc.com  This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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