INDEPENDENT telecoms provider TenTel has secured £500,000 loan funding from Barclays bank to support a push for growth. Daniel Halliday, finance director of TenTel, said the Edinburgh-registered company would use the funding to invest in its staff and IT services to meet growing demand for its services. Tentel provides broadband, phone and TV packages, specialising in the private rented sector. The loan is being provided under the Barclays Innovation Finance scheme, which the bank said it introduced to support high growth businesses in the UK by providing additional financing at more favourable rates. Jamie Grant, head of business and corporate banking at Barclays, said TenTel perfectly aligned with the kind of businesses the programme was developed to support. TenTel was started up in 2013 by Borders-based Canadian entrepreneur PJ Darling who also created Spark Energy.
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