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Business Support –
Loan

Lucy the Dog Groomer is a local business that desired to grow her business with an innovative and trendy portable grooming salon but lacked the business acumen or full understanding of the process needed to secure the funding necessary without taking on a silent business partner. Our support included fully understanding and stress testing the project, the supply chain and the market penetration required to ensure success, assisting with the wording required for the loan application and helping her to understand the implications should the project fail. The resultant application was successful and the business continues to grow exponentially.

BH Support Cost – £50 per hour. Total Hours 5. Total Cost £250
High Street Equivalent – £750

SOCIAL IMPACT    
Positive Social Impact
Personal- Improved resilience, confidence, self esteem, drive and enthusiasm along with a sense of purpose are long lasting and
Financial- Entrepreneurship fuels economic innovation and prosperity and serves as a key means for people to move out of low-wage jobs.
Community- Locally owned businesses build strong communities by sustaining vibrant town centres, linking neighbours in a web of economic and social relationships, and contributing to local causes. Local businesses create more jobs in the community and, in some sectors, provide better wages and benefits than chains do they also recycle a much larger share of their revenue back into the local economy, enriching the whole community.

Without BH Support

Without the skills or knowledge base to develop a business plan, list out her business objectives and strategy or appropriate financial figures she would not have been able to raise the loan to purchase the ‘pod’ to work from. She would therefore have been unable to  take on additional clients and grow her business.