Turning dreams into reality with a startup loan

Company: Piragua Colombian Specialty Store
Industry: Food & Beverage / Retail
Location: Toronto
Problem:
After multiple bank rejections, Nicolás struggled to secure the funding needed to launch his business.
Solution:
With Swoop’s expertise, strong lender relationships, and hands-on support, Nicolás secured the necessary funding in less than a month.
Results: Today, Nicolás’ dream is a reality. Piragua’s vibrant yellow storefront lights up the streets of Toronto, sharing the rich flavors and culture of Colombia with the community.

Nicolás Prada opened Piragua Colombian Specialty Store to share his culture and cuisine with the community. Offering homemade Colombian dishes, retail goods, and 100% Colombian coffee, his goal was to provide a taste of Colombia.

After facing rejections from banks, Nicolás turned to Swoop for funding. “Swoop made my dream possible when the banks said no,” he says. With Swoop’s quick and easy loan process, he was able to open Piragua. The process was smooth and fast, with Swoop’s team providing ongoing support and guidance.

“In less than a month, I got the loan,” Nicolás says, praising the speed and ease of working with Swoop. Thanks to the funding, Piragua is thriving, and Nicolás is gearing up to grow the brand.

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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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