Garden DIY and homeware wholesale

It's the start of a new year and many of us will be using it as the perfect opportunity to spring clean and maybe even do a bit of DIY and decorating.

Knowing that there would be heightened demand on the horizon, a client who supplies wholesale garden DIY and homeware equipment came to us looking for a business loan. The funds were to be used to grow their business, making sure they had everything they needed to meet the wants of a growing market while support cash flow.

At the outset, they wanted to borrow £60,000 over 12 months, but when we looked at their stage of business growth, we felt it wasn't quite the right amount or timeframe to suit the financials and requirements.

Unlike traditional banks however, we're not limited to giving a binary answer. On the contrary, we always want to help businesses thrive wherever we can lend responsibly. Therefore, we were able to offer them £40,000 over 10 months instead, which beat all other offers they had, and still met their cash flow needs.