OakNorth Bank provides bespoke loan to Lovett Care to support future growth.
OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a bespoke loan to Lovett Cxare, the award-winning care home provider.
Lovett Care will use the bespoke loan facility from OakNorth to take its portfolio of care homes into double figures and will add more than 230 high quality residential and dementia beds to the group over the next few years. The loan facility will also support Lovett in the first part of its expansion plans as it looks to grow its footprint in the UK elderly care sector.
About Lovett Care: Founded in 2009, the past three years have seen the group grow from two to nine homes, with further growth plans in the pipeline. Lovett Care have an envious reputation in all the areas they operate and aim to provide exceptional care to their residents in homes across England and Wales.