The challenge
Presols offers long-term, high-quality and sustainable products and solutions for both business and retail segments. Aware of the shift in preferences and attitudes of the general public towards hygiene following the impact of COVID-19, and concerned about the major environmental impact of disposable masks, Presols sought to become a holistic provider of preventative hygiene products. This includes offering their customers high-quality washable, reusable and customisable facemasks.
Having partnered with manufacturers across each of their product lines, and now at the point of generating revenue and breaking-even, additional revenue was needed to take the business to its next stage of growth.
The solution
It was at this point that the team at Presols applied for Startup Funding having been connected to Virgin Startup by Swoop. The Swoop team also helped Presols assess their FX exposure and identify how they could be charged less FX fees for every inventory order made in dollars.
The results
Presols was able to use the funds to finance inventory purchase, enabling further growth for the business as the team continues to achieve great results like receiving Amazon’s Choice for one of their face mask collection.
Client testimonial
“We came across Swoop through a web search. The experience with Swoop has been fantastic. They really took the time to understand our business and continue to engage with us. This has helped us open new doors of funding and cost savings.”
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Swoop Finance Limited helps UK firms access business finance by working directly with businesses and their trusted advisors. We act as a credit broker, not a lender, and do not provide loans or finance products ourselves. We introduce applicants to a panel of lenders, equity funds, and grant agencies based on individual circumstances and creditworthiness.
Commission Disclosure: We typically receive a commission from the finance provider (either a fixed fee or a fixed percentage of the amount you receive) upon successful placement. Different providers pay different rates. For certain lenders, we may have influence over the interest rate, which can impact the total amount payable under your agreement.
Regulatory Information:
FCA: Authorised and regulated by the Financial Conduct Authority as a credit broker (FRN: 936513) and registered as an Account Information Services Provider (Ref: 833145).
ICO: Registered with the Information Commissioner’s Office (Ref: ZA600162); registration can be verified at ico.org.uk.
Company Details: Registered in England & Wales with Companies House (No. 11163382). Registered Address: The Stable Yard, Vicarage Road, Stony Stratford, Milton Keynes, MK11 1BN. VAT Number: 300080279.
Terms: All finance and quotes are subject to status, income, and terms and conditions. Applicants must be aged 18 or over. Guarantees and indemnities may be required. Please refer to our terms and conditions and our complaints procedure for further details.
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