A family-run care home business has added a third site after it secured a seven-figure loan from Unity Trust Bank.
GSD Care, which is run by Kam and Kully Dhaliwal, has snapped up Gosberton House, in the village of Gosberton.
It joins Brun Lea in Spalding and Bank House in Gosberton, which provide specialist dementia care, and have been refinanced as part of Unity’s funding package.
All three homes, which employ more than 160 staff, are within a six-mile radius and offer accommodation for 96 residents, although the couple are planning to increase this to 101.
Kam Dhaliwal said: “We were delighted to purchase Gosberton House which has been trading for 30 years and has a good reputation. It is set within vast grounds and has its own lake which is amazing.
“Unity have been brilliant. We chose them because they’re an ethical business and their ethos resonated with us.
“They have a personal touch and took the time to understand what we’re doing. This year I have spoken to my relationship manager at Unity more than I had to anyone the whole time I was with my previous bank.
“At other banks, underwriters look at things on paper but we were able to talk about our business in person and explain what we’re about. Unity is a bank that listens.”
Matthew Conroy, relationship manager at Unity Trust Bank, added: “GSD Care’s nursing and residential homes help to improve the quality of life for people in the local community and we are delighted to support them.
“They provide much-needed employment in the area and their commitment to buying from local businesses is to be applauded.”