Gloucester-based International Plywood has secured a £37m deal with Lloyds TSB Corporate Markets in Severnside, UK, to support the future growth of the company.

The deal, comprising trade finance and asset based lending, as well as the provision of working capital, is intended to help the business achieve its goal of generating £100m turnover within the next 18-24 months.

International Plywood is said to be one of the largest importers of plywood and panel products in the world.

Wholesaler and bulk distributor to the trade, the family-owned firm is set to celebrate 30 years in the business in 2011 and this year turned to Lloyds TSB Corporate Markets to secure all its banking under one roof.