Post on 14-Jan-2015
description
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Shining the spotlight...
on our very first borrower
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• Specialist furniture supplier
• Established 2004
• Strong growth from commercial contracts & wholesale
• Niche expertise in importing outdoor furniture for the
commercial sector, particularly the pub and public sectors.
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• Retail brand trades as Brackenstyle
• One of the UK’s leading supplier of Teak Garden Furniture
and Outdoor Furniture
• Alternative contemporary range of rattan furniture
• Personally source all products
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The business
• Family run business with a longstanding
background in furniture
• Run by Saul Musson and Martyn Mayes and a
core team of specialists
• The business had expanded on family
finances
• Growth in trade in their niche market required
additional funding for importing stock
• Blue chip companies were ready to order but
Leisurebench needed flexible funding on the
right terms to meet these
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“Leisurebench had just the qualities we were
looking for - strong management, good margins
and an expanding order book. We stepped in
with a seasonal loan to finance stock.”
Graeme Marshall, CEO, FundingKnight
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The loan
• FundingKnight agreed a £110k short-term loan
to finance importing stock
• Loan agreed in January 2012
• 11% per annum
• 7 month loan term
• 3 month initial payment holiday followed by 4
repayments
• Unsecured but with a personal guarantee from
the major shareholder
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“FundingKnight gave us flexible
terms at the right price; refreshingly
simple, common sense banking.
We’re already planning another loan
with FundingKnight.”
Saul Musson, MD, Leisurebench
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The loan has been fully repaid
and business is going from
strength to strength...
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The future...
• FundingKnight wants to help other businesses
who are struggling to find the business finance
they need to grow
• We have funds ready to lend to well managed
businesses with strong cashflow
• Typical rates from 8% - 12%
• Loans from 1 – 3yrs
• Borrow £10k - £100k
• Flexible terms
www.fundingknight.com
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Want to know more?
Read more about P2B Lending at the FundingKnight blog
Buy commercial outdoor furniture from Leisurebench
Buy high quality garden furniture direct from Brackenstyle
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Businesses apply to borrow... Real
people screen loans & assign a risk rating... Lenders bid
for loans in a reverse online auction... And invest
as much or as little as they like... One loan is
made up of lots of lenders... Who each build
their own portfolio. If they need cash, they can
sell on parts of their investment, Using our
online marketplace.
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For more information:
Email:info@fundingknight.com
www.fundingknight.com