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Home > Book Trade News > The Book People Agrees £15m Asset-backed Loan Deal

The Book People Agrees £15m Asset-backed Loan Deal

Posted at 11:42AM Saturday 06 Feb 2010

Direct bookseller The Book People has secured a £15m asset-based loan facility from specialist lender Burdale to support current and future working capital requirements.

The Book People founder Ted Smart said he was "delighted" with the arrangement. "We are confident that the service and facilities provided by Burdale will better serve the ends of our company and provide the stability and security required to ensure we can continue to growth the business," he said.

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