F2 Medical Supplies Secures 拢200k CBILS Loan from Santander UK to Import 1 Million Face Masks

  • The business has been inundated with orders for personal protective equipment from across different sectors
  • Santander UK鈥檚 capital support accelerated the import process which otherwise may have taken weeks due to capital restraints
  • The bank has also supported F2 to become an approved NHS supplier听

F2 Medical Supplies, which imports small-sized medical products from China and Vietnam and supplies them to dental practices in the UK, has secured a finance package from Santander UK and the Government鈥檚 Coronavirus Business Interruption Loan Scheme (CBILS).听

The business imports disposable gloves, masks and dental brushes. 听Following the Government鈥檚 lockdown guidelines, dental practice orders have slowed but the company has been inundated with demand from other sectors including care homes, food manufacturers, construction, councils and providers to the NHS.听

Santander UK has agreed a 拢200K Coronavirus Business Interruption Loan Scheme (CBILS) to enable the company to meet this demand and import a greater number of goods as quickly as possible, including paying for travel by air freight rather than shipping goods by sea as they usually do.听

Additionally, the bank has been using its extensive network to bring together manufacturers, including F2, to support the production of vital personal protection equipment (PPE) and other medical supplies for the NHS. 听Santander UK is a proud to be working closely with the Government鈥檚 Covid-19 response team to enable businesses to support the NHS through this challenging time.听

Arvind Sarna, Director at F2 Medical Supplies said: 鈥淭his financing package means we can use our supply chain to quickly import 1 million face masks to the UK to help meet growing demand. Santander has also provided invaluable support to help us to become an NHS approved supplier 鈥 showing what collaboration and great working relationships can achieve in these difficult times.鈥

Jill Yates, Relationship Director at Santander UK, commented: 鈥淲e鈥檙e proud to support F2 Medical Supplies, an already successful business, as they鈥檝e quickly adapted to help support growing demand for personal protective equipment in the UK.鈥

Santander UK is hosting a series of free 鈥楽urvive and Revive鈥 webinars for SMEs on how to bolster their business proposition. Covering a range of topics - from innovating effectively to aligning purpose and culture - our experts delve into some of the ways that businesses have adjusted, and thrived, since the outbreak of coronavirus. 听You can find these webinars and a list of other helpful resources .听

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Notes to Editors听

F2 Medical Supplies contact:
Arvind Sarna, Director
E:听 听arvind@f2medicalsupplies.com
W:

Media Enquiries
Lara Lipsey听 听 听 听 听 听 听E: Lara.Lipsey@santander.co.uk
Helen Needham听 听E: Helen.Needham@santander.co.uk

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