Updated: Oct 25, 2013
Peer-to-peer lending helped a quintessentially British fashion brand move premises to cope with increased demand for their products.
Owen Barry designs and manufactures clothing and accessories from the finest ethically sourced sheepskins and leathers from Britain and Europe. They were looking to raise finance so they could move to a larger premises to cope with increasing demand from overseas retailers.
In May 2012, they took out a business loan through Funding Circle which was entirely funded by 389 people across the UK.
We visited the team down in Street, Somerset and spoke to Cindi Barnstable whose family has been running Owen Barry since it started in 1948. Here’s the story of her business and her experience of Funding Circle in Cindi’s own words:
You can view our other case studies here.