The funding will help the Worcestershire-headquartered company expand its presence across the UK.
Slicker Recycling, which specialises in the collection and recycling of hazardous workshop waste, has secured £4.5m from Metro Bank.
The funding package is made up of a £3.5m invoice finance facility and £1m asset finance line, which will be used to further expand its business.
Mark Olpin, managing director of Slicker Recycling, said: “It’s been a fast moving and exciting few years at Slicker Recycling with much more to come, so the business needed a banking partner that would be agile and flexible enough to support our growth aspirations.
“Metro Bank’s entrepreneurial approach matched Slicker’s philosophy and culture perfectly and therefore was an easy choice to make.”
With a workforce of over 170, Slicker Recycling operates a network of waste transfer stations, depots and processing plants and has ambitious plans to grow over the coming years.
Mark Stokes, managing director commercial banking at Metro Bank, added: “Slicker Recycling has some really exciting plans in the pipeline and we look forward to helping them realise them over the years to come.”
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