A transport and logistics firm in Birmingham has restarted its operations following the coronavirus outbreak and lockdown after securing £550,000 in new funding.
Digbeth-based DMN Logistics, which transports commercial vehicles around the country for customers such as BT and E.on, had to halt its services following the coronavirus outbreak.
It was forced to furlough all 81 of its employees and had to reduce the work outsourced to more than 100 self-employed staff.
It has now agreed the new capital with Lloyds Bank via the Coronavirus Business Interruption Loan Scheme which is enabling it to continue paying its outgoings.
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It has managed to resume operations at 50 per cent capacity and said it anticipated returning to its previous levels of business next year.
Managing director Nick Chadaway said: “As businesses across the region were forced to close their doors and more people started working from home, there were fewer vehicles on the road which had a significant knock-on effect for us.
“The Lloyds Bank team took the time to explain all the different options available to us and identify the best solution to support us through this difficult period, meaning we could quickly get back out on the road as soon as we were able.
“We’re looking forward to working with them as demand for our services continues to pick up.”
Jason Nash, relationship manager at Lloyds Bank, added: “Like a number of businesses here in the Midlands, DMN Logistics was significantly affected by the coronavirus outbreak.
“They offer a vital but often unrecognised service to help a number of high-profile clients keep their businesses moving so it was important for them to be ready to get up and running as quickly as possible.”