Business Borrower

[Image: mark1]

mark1

Year Established:
04-04-1995
Bigcarrots member since:
15-11-2010
Number of CCJs:
0
Businesses Credit Rating
  • 3.85/5 Stars
Affordability
  • 3.4/5 Stars
Strength
  • 4.15/5 Stars

Creative and Design Business (Immediate Fund)

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Loan Purpose
Business Expansion
Loan Amount
£6,500.00
Loan Term
12 Months
Target Interest Rate
10.00 %
Progress Bar
0%

£0 from 0 offers

Listing Ends
26-02-2012 12:00:02 AM (3 days)

Company Profile

For what purpose is the company borrowing
We have made investment recently to upgrade all our equipment and we have a creative suite that has been designed to be compatible with most of our suppliers and printers. The business would benefit from a sales campaign, at present virtually all business is coming from incoming inquiries and repeat customers. There are plenty of larger clients that could provide future income. The existing database of over 200 customers would also benefit from a sales drive. Currently these are not being targeted due to lack of resources. The loan will give us these resources.
Why I think it is affordable
We have clear and regular cashflow, making the loan repayments affordable.
What the company does
We are a long established and successful agency specialising in all forms of print and web design.
Brief company history
The business started with two founder members who are the directors we started very small offering web and print design, as one of us has a good background in websites, exhibitions, and direct mail, whilst the other is very good at design, printing processes, and as a small outfit we were able to work with each customer giving personal service until the job was done. As we picked up numerous public and private organisations from around the region we employed more staff to take on the increased workload, we now have over 200 customers and wish to expand on this.
No.of Directors
2
No.of Employees
2
Why support my business
We pay for all our supplies up front, wages are always paid on time, we have a good credit rating with the agencies and the principal owners have low personal debt

Business turnover and Business Costs

Annual turnover
£240,000.00
Net Profit
£36,000.00
Gearing %
0.00%

Business Summary

This business is well established and shows year on year growth. The financials are steady and they do not seem to be affected by the recession. Profits are up on last year and the balance sheet although small is firm, the Director seems to take out most of the profits each year.

Lending offers

Lender Amount Rate Date Status
No Listing Offers available

ANY QUESTIONS?

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  1. No Listing Questions available