A Nottinghamshire firm which specialises in industrial trade supplies has secured a six-figure loan to help it through the coronavirus crisis.
Since the lockdown caused the closure of much of the industrial sector, Mansfield-based Hall-Fast, which supplies industrial and construction sector equipment, has been heavily impacted.
Now, the firm has obtained a Coronavirus Business Interruption Loan from NatWest to sustain the business through the crisis.
The business is still stocking and supplying PPE items for frontline services.
Its trade shop is currently closed but the firm is delivering to customers and offering a pick-up option within social distancing guidelines.
Managing director Malcolm Hall said: “We opened the business just before the recession and were able to navigate our way through that period and diversified the business to the point where we are doing more exporting.
“Unfortunately, we had a problem with our website a few years back and couldn’t do any trading but, again, we got through that period. We are a resilient business.
“The funding from NatWest enables us to keep going and supply much-needed kit to frontline workers. Without the loan we probably wouldn’t survive.
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“I can’t recommend NatWest enough. Our relationship manager Graeme Michael was very personable and helped us with our application so we could get the funding we needed.”
Graeme Michael, relationship manager at NatWest, said: “We were delighted to support Malcolm and Hall-Fast with this funding, which will sustain the business over this challenging period.
“We have as strong relationship with Malcolm and were able to secure the funding he needed to support his business.”