Electronics manufacturer Surface Technology International is targeting revenue growth of more than 15 per cent next year after securing a new £11.5m financing package from Lloyds Bank Commercial Banking.
The agreement provides STI with increased funding compared to the facilities provided by its previous banking partner, and will support the company’s growth strategy in the commercial aerospace and defence, medical, oil and gas and industrial sectors. The new funding package includes a trade finance and letters of credit facility, which gives STI the opportunity…
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