Electrical retailers have given us tablets we shouldn’t swallow, apples and blackberries far more suited to our pockets than fruit bowls and mice we welcome in to our homes and offices without calling pest control.
A lightbulb moment from a broker led to one such retailer being introduced to our business loans. The company saw a business opportunity to capitalise on and therefore needed additional funding.
We offered £350k of fully unsecured finance that allowed the Midlands-based company to purchase much needed inventory. Due to their strong turnover and year on year revenue growth, they were a perfect fit for a Spotcap loan.
Originally published April 23 2018 , updated February 24 2020