Tuesday, 3 January 2012

Case Study: Mamka Ltd, £40,000 Crowd Funding Loan

Mamka is the umbrella company for a group of online retailers. Mamka is one of the UK’s fastest growing online retailers with brands such as ‘Outdoor Leisure Direct’, ‘Togga’, ‘Play Darts Direct’ and ‘I Heart Pets’.  We stock a large and diverse range of products including Inflatable Pools and Boats, Wetsuits, Beach Wear, Pet Accessories, Toys and Games, Pet Products and Darts through our brands.
We’ve grown from a turnover of £60,000 in 2007 to £1.9m in 2011. Mamka have a good relationship with their bank who provide a £10,000 overdraft and a trade finance line for £245,000. They need to fund growth and an increase in goods sourced from China and were looking for a £40,000 loan to support this process.
Pegasus identified an internet funding network and worked with Mamka to develop a business proposal that describes the business, the purpose of the loan and an explanation of why the business is safe to make a loan to. The proposal also requires latest management accounts and at least two years filed accounts.
A term loan over 36 months at a single figure annual interest rate was secured within 5 days.

No comments:

Post a Comment