Faith in Nature, the natural beauty products brand from Radcliffe, Manchester has announced it has secured a £2.5m loan in order to help expand the business.
The loan will enable the company to develop new manufacturing and business premises, having outgrown its existing premises. The development of the new site provides space for future sales growth and more jobs. The larger property in the same area also means it can remain in Radcliffe and retain its existing workforce.
Faith in Nature started trading in 1974 in a cottage kitchen and initially made plant-based face creams and shampoos. It continues to sell shampoos, body washes and soap, offering an ethical and cruelty-free alternative.
It said it maintains a “strong ethical ethos” to the environment and is stocked in over 40 countries.
The loan, provided by Cynergy Bank, is structured with a 12-month interest only period followed by repayment profile.
John Allaway, MD, Faith in Nature, said: “We have been working with Cynergy Bank for a number of years and have found them understanding and collaborative during our challenging journey.
“It’s good to work with a bank with the same entrepreneurial mindset and with people who put in the extra effort to support the business at the critical pinch points. It feels like we are working in partnership with them.’’