London Town secures short term loan
AIM listed tenanted pub operator London Town has secured a short term loan of £2m.
The company obtained a short term loan of £1.4m from Burac Invest and a further £0.6m from Robar.
The loans are to be used for general working capital purposes and are repayable with interest at 15% by 25 March 2009. There is no penalty for early repayment.
To Comment: Login or Register