Oxfordshire-based pub group Oak Taverns has received £2.5m funding from Cynergy Bank.
The deal was secured against eight pubs centred around Oxfordshire.
Oak Taverns is a 14-strong family-run pub company based in Thame.
The support will enable the pub operator to refinance across the estate and replenish funds from an earlier acquisition, with the five-year 12-month interest-only term loan followed by a 24-month repayment plan.
Simon Collinson, director, Oak Taverns, comments: “We completed a refinance across the estate, putting us in a great position to grow. We work in the hospitality industry, where relationships with our customers and team are key to our success. In our experience, Cynergy Bank holds the same values.”
Thomas Wallace, relationship manager, Cynergy Bank, comments: “Oak Taverns is a growing operator in the pub market in Oxfordshire and the surrounding area. They have a growth plan in place which they are working towards, and the bank is excited to help them with this project.
“This was our first transaction with Oak Taverns, and we look forward to working together and developing the relationship in due course.”
