The Van Centre Cwmbran in South Wales has purchased a two-acre site on Springvale Industrial Estate to expand the business.
The company, owned by Glenn Saunders, started as a sole trader business in 1999 and now employs 30 people.
Renovations will see the expansion of MOT and rental services available across the business.
HSBC UK funding enabled The Van Centre Cwmbran to purchase the site which it has operated from since April 2021.
This purchase will allow the business to expand its current premise further to meet increased demand.
HSBC UK funding has also been utilised to refinance The Van Centre Cwmbran’s additional premises on Court Road, Cwmbran, that it has operated from since May 2017.
Saunders said: “As a long-term HSBC UK customer, our expectations have been consistently met by the bank.
“All processes throughout this purchase have been well supported and we thank HSBC UK for making the experience as smooth as possible. We look forward to operating from the newly acquired site well into the future.”
Zena Perry-Hartle, area director for Business Banking in Wales & Western Midlands at HSBC UK, said: “It’s been a pleasure to support the growth of The Van Centre Cymbran with the purchase and refinancing of its trading sites.