Leicester-based business Zipex is a zip firm that manufactures its products in the UK.

Managing director Neil Cockerill purchased the business two years ago, having worked for the firm for 15 years.

The facility from Atom bank supported a refinance of a loan from the original purchase.

The loan has been provided on an interest-only basis, fixed for five years.

Mark Jones, director at broker Copper Swan, presented the case to several lenders but chose Atom for its competitive ratex and flexible terms, including a higher maximum LTV.

Spencer Ford, regional BDM at Atom bank (pictured above), commented: “This case is a great example of how the Atom bank approach is supporting British businesses.

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“The combination of sensible underwriting, a slick process and competitive pricing has meant Zipex has the funding to fasten their future.

“We have made a succession of improvements to our commercial proposition over the past 12 months, from introducing more than 100 enhancements to our broker portal to implementing a simplified stressed interest rate.

“These have all been designed to provide brokers and borrowers with a quick, smooth experience as well as better value.”

Mark added: “Atom bank has become our go-to lender because, when a case has quirky elements, they’re more likely than most to understand it.

“They combine a big bank mentality, in terms of having the appetite for cases like this, but with the flexibility that comes from a digital bank approach.

“The client is thrilled as they have got a great rate and felt that Atom believed in him and what he is hoping to achieve.”