TLM Technologies, the forecourt and convenience store technology provider, has secured funding to boost its growth.

ArchOver, the peer-to-peer business lending service, is providing a multi-channel P2P business loan of £1.35m for TLM Technologies, which will use the finance to move away from its old financing model.

ArchOver’s P2P loan will enable TLM to support its growth, providing the opportunty to reach its goal of scaling to an international level in several new sectors.

“TLM is a fast-developing company with scope to expand overseas and cross over into targeted new sectors,” explained Lee Papper, TLM CEO. “However, our previous invoice finance facility was not able to meet our needs. We need a funding solution that can be as dynamic as we are so we have the flexibility and certainty to push our business to the next level.”

He added: “ArchOver’s service was recommended to us, and having experienced their professionalism and flexibility first hand, we are not looking back. ArchOver made access to funding as seamless and simple as possible by working closely with us to understand our business and its needs. The loan application process was smooth and straightforward, while the team moved quickly to put our loan in place, and gave us friendly, personal service, including multiple on-site visits.”

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