3D glasses? Tick. Seat number? Tick. A loan for cinema advertising? Tick
We recently partnered with a trusted broker partner who worked with a cinema advertising company. The 60 year old firm, based in London, was in need of a £300k unsecured short-term loan to manage cash flow.
Due to stable revenues and a profitable model, Spotcap was able to provide an unsecured loan to bridge the cash flow gap within one working day.
Despite the rise of home entertainment, Netflix and alike, the cinema industry is still growing. 2017 saw the total box office in the UK and Republic of Ireland reach £1,379million, up 3.7% on 2016. The UK-only figure for the calendar year was even up by 4.7%. Popcorn anyone?
Originally published February 19 2018 , updated May 29 2018