Intermediary Opus Holdings is set for further acquisitions, after finalising the £6.5m refinancing of its business.
Opus said it hopes to benefit from the new loan, which is repayable over a longer period. The financial advisory business said the backing will aid "good organic growth in the year ahead", and secures its ambition to expand the business over the next three years.
Opus chief executive Ian Brice said: "We are particularly pleased that Opus is now in a position to expand by acquisition at a time when many brokers are looking for exits because of increased regulatory pressures."
Originally put in place at the time of the management buy-out of the group, Opus' loans have now been re-financed by the Royal Bank of Scotland.
Opus finance director Bob Bareham said: "Royal Bank of Scotland has given Opus a vote of confidence by re-financing the group's mezzanine and senior facilities with a single senior loan on materially improved terms - both in respect of the interest margin and the term of the loan."
