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Notes speciality coffee secures £600,000 loan for expansion
14/03/2017 - 09:24
London coffee chain and bar concept, Notes has secured a £600,000 loan from OakNorth bank, which will be used to open two sites in Victoria and Angel Court.
Written by Andrew McClean
Alan Goulden and Edward Halfon, directors at Notes, said: “Between January 2015 and February 2016, Notes grew from two sites to six and we added a central production facility that can cope with up to 14 more sites. We are a very ambitious company that wants to continue scaling at pace, so we’re delighted that we now have the finance enabling us to do that.”
The deal is the first OakNorth has completed under the British Business Bank’s Help to Grow programme since joining in January. The programme aims to provide debt finance of up to £2 million to fast growth businesses.