Stone Tyres expands with a £555,000 bridging loan

By Bridging Loan Directory 21st November 2024

Black & White Bridging, the specialist bridging lender, has facilitated the ambitious expansion of Stone Tyres with a £555,000 commercial bridging loan.

The funding has enabled Stone Tyres, the highest-rated tyre garage in the UK, to purchase a new commercial premises in St Helens, where the company will open a MOT and servicing centre to complement its existing tyre repair and replacement services.

The loan underscores Black & White Bridging’s dedication to supporting UK businesses in their growth efforts.

Stone Tyres will utilise the funds to meet the rising demand for reliable MOT and servicing options in the local community and will create 10 new skilled jobs for the St Helens area.

John Stone, Director of Stone Tyres, commented:

“Black & White Bridging has been fantastic in helping us bring our vision to life.

We’re excited to add MOT and servicing to our offerings and grow our impact in the local community. Their team’s expertise and support were invaluable as we navigated this purchase.

With St Helens undergoing regeneration, this investment allows us to expand our business and create new skilled job opportunities right here in the local area.”

David McCarthy, Relationship Director at Black & White Bridging, commented:

“We’re pleased to support John Stone and his business in achieving their growth ambitions.

Stone Tyres is a standout example of a local business with a strong reputation and a deep-rooted commitment to its community.

Helping our clients grow and invest locally is a cornerstone of what we aim to do at Black & White Bridging, and this deal is one of many we’re proud to have completed with Paul Mak at Pomegranate Commercial Finance.

This partnership truly demonstrates the impact of flexible bridging finance for ambitious business expansions.”