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Over £670 million in loans given to struggling Coventry and Warwickshire firms during pandemic

A leading business support organisation has revealed loans worth over £670 million have been given to firms in Coventry and Warwickshire during Covid-19.

Figures from the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub highlight that 17,464 loans have been offered to businesses in the area throughout the Coronavirus pandemic totalling over £678 million.

1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.