Featured case study: Coffee shop
We were approached by an established coffee shop business with 4 sites in Cardiff who needed £150,000 to complete ongoing refurbishment to two of their premises which began just before the first lockdown.
Due to the first lockdown, like most hospitality businesses they had suffered cashflow issues. They managed to get a bounce back loan from their main bank, but this was not enough to cover their upcoming refurbishment costs and accrued losses. Their main bank declined their CBILS application, but we managed to get the client a CBILS loan with an alternative provider in 9 days replacing their £50k bounce back loan and giving them £100k to use as working capital.