Skipton Business Finance has agreed a £450,000 funding package with EA First, giving the Birmingham-based recruitment firm additional working capital as it pursues an acquisition-led growth strategy.
EA First, founded in 2019 by managing director David McGarry, focuses on corporate office roles and operates from Birmingham, Cambridge and London.
The deal provides a confidential invoice discounting facility intended to support day-to-day operations while enabling the business to expand its client base and consider potential acquisitions.
The funding was arranged by Nottingham firm Evolve Business Finance, which works with lenders and introducers across the UK.
McGarry (pictured, right) said: “Securing the funding from Skipton Business Finance was a key turning point for our business. It has given us the flexibility and confidence to move ahead with our acquisition plans and continue to expand our client base.
“We chose to work with Skipton Business Finance due to their incredible customer service and industry knowledge. Their Confidential Invoice Discounting facility has unlocked exciting new opportunities and enabled us to invest in our growth strategy.”
John Colburn (pictured, left), a regional sales director for Skipton Business Finance, said: “We’re delighted to have supported EA First with this funding facility as they enter an exciting new phase of growth.
“At Skipton Business Finance, we pride ourselves on building long-term relationships with our clients and providing funding facilities that evolve with their needs. EA First is a perfect example of how tailored financial support can help businesses reach their potential.”
Stef Radymski, a director of Evolve Business Finance, added: “We know how tough it can be for growing businesses to balance repayments with investment. We worked closely with David McGarry and his team at EA First to simplify the business’ funding set-up, reduce its costs and put the business in a stronger position for the future.
“The team at Skipton were proactive and easy to work with from start to finish, which made the process smooth for everyone involved. It’s always rewarding when strong partnerships come together to deliver the right result for the client. In this case, a facility that supports growth and strengthens the business for the long term.”
