Success Story: Healthy Food RestaurantPublished on 22nd July 2016 2016-07-22T09:10:32+00:00 - Last update on 13th January 2020 2020-01-13T12:12:23+00:00
The client’s challenge
The director of a chain of 5 family-run newsagents came to Rangewell seeking funding for a new business venture. After 20 years of running newsagents, he was looking for a new challenge, and had noticed a growing demand for healthy food, as his customers were becoming more conscientious about where their food was coming from. With this in mind, he decided to take advantage of a growing market and open up a restaurant serving both vegetarian and halal meat dishes.
He had previously sought finance from high street banks, but didn’t have any luck due to his credit rating. He then began searching online for alternative methods of finance. However, coupling his search with designing and opening a new business was proving an impossible task to manage. Eventually he reached out to his catering equipment supplier who directed him to Rangewell, and he put in an application for equipment finance.
With our in-depth knowledge and understanding of business finance, we began sourcing the ideal finance option from the many alternative lenders on our platform. The most important step was making sure we understood the intricacies of our client’s business – only by knowing all the details are we able to connect the businesses we work with to the best business finance solutions available. After careful discussion about which finance options would suit the borrower best, we settled on a £35,000 equipment finance agreement. Our client was impressed – both with how quickly we found a solution to his problem, and how well-suited the funding was to his needs – and he’s now well on his way to a second business just as successful as his first.
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