Devon based Agri Market Insight & Access Ltd (AMIA) receives £100,000 in funding via SWIG Finance.
The loan, which was backed by Triodos bank, will be used to support growth plans including the creation of two new jobs and the amalgamation of various smaller brands into one overarching distributor brand.
The family-run business, which has been operating since 2012, distributes agricultural machinery through their extensive dealership network.
Led by Managing Director, Alan Dennis, and shareholders Clifford and Jennifer Dennis, the family has over 80 years of combined experience working with agriculture machinery.
The business venture began when they spotted a niche in the market to provide an expansive range of equipment under one brand.
The business has grown significantly over the recent years and now boasts a multi-million-pound turnover.
Of the funding Alan Dennis commented “We are grateful that SWIG Finance were able to support our growth plans, the funding means that we are able to proceed with our plans within a much quicker time-frame. Our business manager, Rachael, has been very supportive in ensuring that the funds were released quickly”.
SWIG’s Business Manager Rachael Taylor said “The success of AMIA is a real good news story. To keep up with customer demand the business has created two new sales roles, which is an astounding achievement for a rural business in the current COVID-19 landscape. We are excited to see what the future holds for them and we are delighted to have contributed to their ongoing success”.
About SWIG Finance
SWIG Finance provides loans from £25,000 to £250,000 to South West SMEs who cannot access sufficient support from their bank.
If you are looking to grow your South West business but have been turned away by the bank, get in touch with our friendly and professional team to find out how we can help: [email protected] / 01872 227 932.
Alternatively, for more information, visit https://www.swigfinance.co.uk/funds-available/