Chopstix Group receives £2 million debt facility from Metrobank
This will be the restaurant’s second funding package from Metrobank following the acquisition of the Yangtze brand.
The Chopstix Group has acquired a £2 million debt facility by Metrobank for its expansion projects across the UK.
The Asian restaurant group also received a £3 million loan from the bank last year to complete its acquisition of Belfast-based noodle bar Yangtze, which has recently started its expansion.
(Also read: Chopstix Group commences Yangtze expansion)
“Metro Bank provided the Chopstix team with an excellent service when we acquired the Yangtze business last year, and they have continued to show the same level of enthusiasm with our latest funding package,” Chopstix co-founders Sam Elia and Menashe Sadik said in an announcement.
Mark Stokes, managing director commercial banking at Metro Bank, says that they are thrilled to be with part of their business.
“Chopstix is marking its territory as a strong-performing business in the fast-food market, and we’re thrilled to be on this journey with the company. Our customer-focused service combined with our extensive industry knowledge has enabled us to create another tailor-made funding solution, which will take Chopstix to the next stage of their growth ambitions,” he said.
