Alternative lending provider Finance For Enterprise has supported a specialist telecoms company.
Doncaster-based KAT Communications was founded in 2009 by managing director Anthony Temperton. The company provides a range of services including phone systems, lines and calls, mobile voice and data, and IT support.
The loan will be used to create two new jobs in the family-run business, as well as providing funds to invest in new services.
Anthony Temperton, managing director of KAT Communications, said: “The speeds and stability of broadband available to SME businesses throughout the region have increased significantly in recent years. I realised that whilst many businesses could access high speed connections, many company owners were unsure how the improved broadband speeds could help their business.
“Drawing on my own industry experiences I felt many of the larger telecoms providers aren't used to dealing with smaller businesses, leaving them to struggle with pushy sales people and ineffective support usually delivered through call centres. As a result SMEs typically find themselves being tied into lengthy and often impractical telecoms deals which don't reflect the needs of the business. I felt it presented a golden opportunity for our business, but recognised that we needed to secure additional financial backing.”
Alan Scott, senior investment manager at Finance For Enterprise, added: “Like many business owners, Anthony was unable to access borrowing through traditional high street lenders. We were able to step in to provide the vital funds needed enable the company to continue to invest in its workforce, resulting in continued business growth, as well as creating new jobs within the local economy.”
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