Lombard Asset Finance have backed a fleet expansion for a Leeds-headquartered print management company with a £300,000 facility.
XBM provides specialist office and production print equipment. Its clients range from sole traders to large listed companies, along with local councils and schools.
Lombard have financed the company to purchase an additional 20 vehicles, including four vans and 16 new cars for employees. In February XBM used £235,000 of funding from NatWest to open its fourth site in Birmingham.
Veronica Wales, Lombard senior relationship manager, said: “Funding has allowed Justin to provide his staff with the vehicles they need to effectively service their customer base. We look forward to continuing to work with XBM as the company goes from strength to strength.”
XBM managing director Justin English said: “We have not only expanded our network of offices nationally this year but also significantly grown the number of staff across these offices. Thanks to the funding from Lombard, we have been able to facilitate this rapid growth by providing the necessary vehicles for the sales and service teams to reach prospective and existing customers.”
Last month, NatWest and Lombard financed the start of operations at a veterinary clinic in Cambridgeshire with a joint funding package.