Snack maker JLM Global Foods set to scale up with £4m-plus finance deal

A North East food firm is ramping up expansion plans after securing a new £4m-plus finance package.
JLM Global Foods manufacturers a whole range of ‘Better for You’ private label snacks for major brands, as well as its own label savoury snacks, which are sold around the UK, with a global reach as far as Australia.
Directors have already injected £1m into the business to help ramp up growth, and now Leumi ABL has provided a multi-asset based lending facility, consisting of invoice finance, plant and machinery finance, inventory finance and a term loan, with an aggregate limit of £4.37m.
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