A business specialising in the import & export of socks, underwear and loungewear has secured funding to support them through the current climate.
E J Orr Ltd, which was established in 2000 has received the CBILS funding to help the business navigate the challenges of the current crisis, by continuing to pay foreign suppliers.
The Nottinghamshire based business, trading as Orrsum, has a blue chip client base and works with a number of the world’s leading retailers.
Managing Director William Orr said: “Like many businesses, we are operating in uncertain times and this funding will provide us with the breathing space we need to work through the current situation and to plan for when things return to some form of normality and orders start to increase.
“Next week we are launching our charity initiative whereby we have designed and made a limited edition range of rainbow socks to raise funds for the NHS. All proceeds (not just profits) will go to these amazing people, who are ultimately risking their lives to support us all.”
Alastair West, Relationship Director at Barclays, said: “The management team acted quickly to assess the impact on trading and approached me so we could begin discussions on what level of funding might be required. The CBILS loan will enable the company to weather this uncertain time and react when things return to normal.”