Picture story: peer-to-peer lending helped this Southampton business expand
How 168 people helped a powerboating company grow
Peer-to-peer lending helped a powerboat experience company widen their list of attractions.
Saber Powersports offer adventure experiences on their fleet of powerboats off the coast of Southampton. They needed to raise finance so they could purchase a new engine for one of their boats, helping the business to grow.
In May, they took out a business loan through Funding Circle which was funded by 168 people across the UK and the Government. This allowed them to renovate a boat so they could expand their fleet and offer new types of attractions for customers.
We went to Shamrock Quay to visit Simeon Penn, director at Saber Powersports and we were lucky enough to have a ride on the new boat and test out the new engine. It was certainly an adrenaline packed experience!
Here’s the story of their business and their experience of Funding Circle in Simeon’s words: