UK restaurant chain munches on £19m loan

The UK restaurant chain is attempting to carry out a long-term plan of opening 500 locations over the next decade. Challenger bank OakNorth provided the finance.

Restaurant chain Leon is continuing its mission of improving the quality of fast food in the UK after successfully securing a £19 million (€22.3 million; $24.6 million) loan intended to finance its ambitious expansion plans.

Challenger bank OakNorth Bank, established only a year ago, provided the loan, which the restaurant chain said will contribute to doubling its presence in the UK.