Lighting and electrical products distributor Red Arrow Trading is receiving £4.5 million from HSBC, South Yorkshire.

The money received will be used to increase the amount of stock as well as create new products. They hope this will provide a broader range of their target market sectors. Red Arrow Trading hopes to increase sales by £3 million by 2016 (increasing to £15 million), and wants to hit £25 million within six years.

Recently, HSBC set up a £500 million SME Fund for small and medium businesses.

Red Arrow Managing Director, Stephen Bricknell, said:

The finance will enable us to offer a wide range of products in greater volume.

The expansion will include their range of LED light bulbs because:

customers are increasingly demanding this product, we believe it will move to become the standard.

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