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Little Eaton car and van repair centre, Panel Match, has received a five-figure loan from HSBC UK to support the opening of its new unit. The move, which has increased the operating space by 50 per cent, has enabled the company to meet increasing customer demand for its body repair and paint services.

Panel Match, which provides bodyshop and end of lease body repair services for cars and commercial vehicles, has also used the loan to fund the purchase of a brand-new spray booth, compressors and a service repair van for the site. The new equipment has enabled the business to accommodate a large influx of customers.

Founded in 2009, the team has also seen demand grow from its commercial customers and is now providing support for rental companies and car dealerships across the region. The increase in unit size, as well as the additional equipment, has also allowed the company to continue to take on larger scale business opportunities.

Richard Vickery, Owner of Panel Match, said: “We are grateful for the continued support from HSBC UK as we continue to grow the company to meet increasing demand. We have been pretty much working flat out since lockdown measures began to ease and have even taken on a new member of the team to keep up with demand.

“The larger site and new equipment is invaluable to us and has been instrumental in winning new business as we can accommodate a larger number of vehicles on site with the increase in capacity.”

Laura Petch, HSBC UK Area Manager for North Midlands Small Business Banking, added: “During what has been a difficult time for many in the sector, it is great to see a small business expand and provide vital support for its increasing customer base.”