EAST Yorkshire-based One Stop Business Finance Ltd has completed a working capital finance deal with Three Crowns Confectionery Ltd, based in Hull.

Lending £300,000 with One Stop Business Finance’s own funding, the transaction facilitated the management buy-in of Three Crowns on behalf of its managing director, Mike Flower.

The business, which manufactures chocolate for household names including Thorntons, will use the loan to pay off the existing overdraft and to provide gap funding for business expansion.

This is the latest of a number of transactions for One Stop Business Finance, based at Laytham, near Pocklington.

It continues to grow rapidly by offering highly flexible, bespoke, short-term lending solutions to its clients.

It has also brokered a large number of invoice finance, commercial property and fixed asset deals over the past few months.

Andrew Mackenzie, One Stop Business Finance’s managing director, said: “This is yet another transaction that fits the One Stop Business Finance mould; a high-quality management team requiring a flexible lending solution and able to secure it with great quality assets.”

Mr Flower said: “One Stop Business Finance Ltd has provided the funding to enable my business to grow to the next level. The work was completed at a speed and with the flexibility that isn’t available via traditional high street lending.”