Condor Blinds & Shutters – Business Loan Case Study
A couple who run their own business supplying blinds and shutters have increased turnover by 40% after opening their first high street store with funding from Ashley Finance.
Things were tough
After 20 years in the soft furnishings and blinds industry, Carl Rixon was made redundant. So he and his wife Michelle backed themselves and started Condor Blinds and Shutters on a shoestring. As the company started to grow, they needed more space.
“We were in a difficult position,” recalls Michelle. “We struggled to find funding – the banks don’t want to know, particularly if you have a less than perfect credit rating.”
They asked Ashley
Their adviser Nasser Elaheebocus of Business Pulse suggested Ashley Finance for a £9,500 Business Loan to secure new premises and cover the fit-out costs. We quickly said yes, and since the store opened, we’ve helped the Rixon’s with two top-up loans to buy a van and increase stock.
It’s all good
The high street presence has helped them attract new trade and increase turnover by 40%. Next? It’s time to help them take on an assistant who can man the store in the afternoons while Michelle collects their children Millie and Chloe from school.
Even though Stuart needed help with cash flow he was sceptical about funding. Now he wishes he’d done it sooner!
These guys needed a lender who could see the good in their business, not dwell on current issues.
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