This new funding will allow Eureka Produce – a supplier of fresh produce and catering supplies to hotels and restaurants in Wellingborough, Northamptonshire – to hire additional employees.

Eureka Produce was established in 2009 by industry expert Robert Hudson (pictured above) and has seen a £3.2m growth in sales over the last seven years.

At present, the company has more than 40 staff members.

Stefan Radymski, business development manager at Aldermore, said: “Eureka Produce was established in the same year as Aldermore and is precisely the type of business that we were established to help.

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“It has demonstrated impressive growth and we are thrilled to be playing a part in its journey.

“At Aldermore, we pride ourselves on our in-depth understanding of the sectors we lend to, as well as our ability to support a wide range of SMEs with bespoke solutions at pace.”

Robert, who is also the managing director at Eureka Produce, added: “Aldermore has demonstrated great agility and flexibility, as well as a sound understanding of our business and sector.

“[It] created a bespoke funding solution which aligns perfectly with our business plan, and the deal only took three weeks from conception to completion.

“The support from the bank has meant we will be able to continue to grow, as we look to further increase our market share and fulfil our potential as a business.”