Rorla Designs

Rorla designs funding

Sector

Furniture manufacturing

Requirement

Working capital for an SME business start-up

Product

Business Support - SME Start-Up Loan

Key Benefit

Navigating through the funding process at no cost to the client
Our client Rorla Designs had recently started up their own business, manufacturing bespoke furniture. Having been in the trade for many years they knew their market and had identified a gap in the wholesale market which they wanted to take advantage of.

Product

Manufacturing requires equipment, and whilst much of the bespoke furniture is made by hand, specific tools and cutting equipment make the process more effective. Rorla knew they needed certain tools to fulfil their ever-growing order book, but cashflow meant outright purchasing was not an option, even for relatively low-cost items.

Service

Finance options for newly established businesses are hard to find, particularly for smaller amounts of working capital finance. We were able to identify the potential options for Rorla and steer them through the process. Happily they secured the funding, which they were able to use in conjunction with a regional grant, and their purchases have enabled them to keep up with the orders coming in from the increasing list of trace clients.

“As a newly established business looking to grow and expand in the local and regional arena, research highlighted numerous finance options but only really for businesses who had been trading for over two years. Our business mentor advised us to approach FUNDING ROUND who, represented by Lucy Painter, were absolutely brilliant! She considered all our options to raise capital, supported the application by walking us through the process, right through to the monies being advanced. We’d highly recommend FUNDING ROUND for all businesses, even those who have just started up or are in the early stages of trading.”