Our franchise was 30% busier after borrowing £100,000
For our first business trip of 2015, we visited the Bath franchise of the well-known “Neal’s Yard Remedies” to see how they were getting on after taking out their Funding Circle loan back in May 2014.
Neal’s Yard Remedies is a leading British retailer of organic beauty products and natural medicine. They operate a franchise network across the UK and their shop in central Bath, Somerset is just one of 40.
The Bath franchise is run by 3 co-owners who are all natural therapists: Jon Huxley an Acupuncturist, Amanda Lewis-Stark a Medical Herbalist and Elizabeth Season a Naturopath. They knew the business needed more space so they searched for funding to allow them to move out from their small site.
After finding a larger premises just 20 yards from their existing shop, the business borrowed £100,000 from 935 individuals through Funding Circle – each lending as little as £20 to the business. Anne was one of them, and we invited her to come along to meet the business she lent to.
In this short video you’ll meet co-owners Elizabeth and Jon, hear their plans for the business, and how the money they raised from individual investors across the UK lead them to being 30% busier during the Christmas period, compared to Christmas 2013.
If, like Anne, you’re interested in supporting small businesses like the Bath franchise of Neal’s Yard, then you can sign up easily online. We have thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.
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