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Is your bike shop struggling for finance from banks? - BikeBiz

Is your bike shop struggling for finance from banks?

Amplifi Capital teams up with ActSmart
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Has your cycle retail business ever struggled to get finance from a bank? Help may be at hand thanks for a new offering from Amplifi Capital and ActSmart.

The two have teamed up to help shops that are in need of cash to expand, re-fit their shop, update their website or similar.

Lending arranged through non-traditional avenues passed £1bn last year, according to stats quoted by ActSmart. Two fifths of businesses are said to blame lack of access to finance as holding back growth.

According to ActSmart, dozens of IBDs have expressed an interest in the new service since it was first mooted a few weeks ago.

To qualify for Amplifi Capital business lending, shops have to have been operating for over six months, accept credit cards and be UK-based.

For more details head here

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