Skipton Business Finance backs EA First with £450,000 funding deal

Skipton Business Finance has strengthened its support for the UK’s independent business sector with a £450,000 funding package for Birmingham-based specialist recruitment firm EA First.

The facility, arranged as a Confidential Invoice Discounting agreement, will help drive EA First’s growth strategy, providing working capital to support acquisitions and bolster day-to-day operations. The deal was brokered by Nottingham-based Evolve Business Finance, which works with lenders and partners across the UK to deliver tailored funding solutions.

Founded in 2019 by managing director David McGarry, EA First specialises in corporate office recruitment and operates from offices in Birmingham, Cambridge and London.

McGarry said the funding marks a pivotal moment for the business. “Securing the funding from Skipton Business Finance was a key turning point for our business. It has given us the flexibility and confidence to move ahead with our acquisition plans and continue to expand our client base,” he said. “We chose to work with Skipton Business Finance due to their incredible customer service and industry knowledge. Their Confidential Invoice Discounting facility has unlocked exciting new opportunities and enabled us to invest in our growth strategy.”

John Colburn, regional sales director at Skipton Business Finance, said the firm was pleased to support EA First as it scales. “We’re delighted to have supported EA First with this funding facility as they enter an exciting new phase of growth,” he said. “At Skipton Business Finance, we pride ourselves on building long-term relationships with our clients and providing funding facilities that evolve with their needs. EA First is a perfect example of how tailored financial support can help businesses reach their potential.”

Stef Radymski, director at Evolve Business Finance, added that simplifying EA First’s funding structure was central to the deal. “We know how tough it can be for growing businesses to balance repayments with investment,” he said. “We worked closely with David McGarry and his team at EA First to simplify the business’ funding set-up, reduce its costs and put the business in a stronger position for the future. The team at Skipton were proactive and easy to work with from start to finish, which made the process smooth for everyone involved. It’s always rewarding when strong partnerships come together to deliver the right result for the client.”