Wyelands Bank has provided a trade finance deal for Canon Garth worth up to $12m annually.
The facility will help the global peanut supplier to trade, grow and create jobs.
It will also help to eliminate the working capital gap and enable the firm to complete more orders.
David Locking, head of working capital solutions at Wyelands Bank (pictured above), said: “Canon Garth is a great business that has developed strong relationships with its suppliers and customers over a 24-year history.
“At the heart of these relationships is the firm’s track record for paying on time.
“We’re delighted to provide the working capital needed to ensure the firm can continue to meet these commitments while fulfilling more orders, growing its business and creating jobs.”
Tom Snoek, managing director at Canon Garth, added: “We are delighted to be working with Wyelands Bank and look forward to a long and fruitful relationship.”
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