OakNorth Bank has completed a £750,000 debt finance deal for independent Birmingham-based nursery group Bright Minds Daycare.
The funds will be used for refurbishment, working capital requirements and new equipment.
This follows the bank’s recent appointment of four new members to its debt finance team.
Bright Minds Daycare was co-founded by Birmingham-based entrepreneurs Taj Heer and Talon Golding in 2017, and is backed by Guinness Asset Management.
Taj and Talon said: “We spoke to a few different banks about our funding requirements, but chose OakNorth because this is clearly a sector it knows well and enjoys working with.”
Mohith Sondhi, senior debt finance director at OakNorth Bank, added: “…With our newly opened Birmingham office and our two new team members there, we are excited to help even more businesses in the region achieve their growth ambitions.”
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