GE Capital Commercial Finance has announced that they have signed an agreement with Potential Finance Group to provide them with a Ј25m committed funding facility for a minimum of three years, and on 26 October 2001, Potential received the first tranche of funds.
Frank Lafford, chairman, commented, "This is an important landmark in the development of the company and we are pleased that a ledger of the quality of GE Capital have agreed to assist with our future expansion by way of offering a facility that represents a multiple of five times our shareholder funds. In particular it gives us considerable headroom as funds advanced as at 30 September 2001 were Ј11,769,320".
