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Peter Songu wanted to open his own garage as a sole trader to serve his local community – St Paul’s, in central Bristol. Feedback as a mechanic in another part of Bristol suggested that people from St Paul’s did not want to travel to other parts of town for this service.
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Gloucestershire Development Loan Fund and Ink Cottage
Starting up a new business is a challenge for anyone but Yakub Patel faced extra complications when seeking funding for his business idea. As a Muslim, under Sharia law Yakub cannot pay or receive interest on loans. Luckily, the Gloucestershire Development Loan Fund (GDLF) was able to structure their funding to help him set up a successful computer repair and ink cartridge refill business.
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A manufacturing company which is fast becoming Europe’s leading specialist in swimming pool play equipment is looking forward to an extremely buoyant future after receiving a £50,000 development loan from South West Investment Group.
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Hi, my name is Wayne Jackson and I own New Start Removals and .aspx) Quotememoving.com.
About 3 years ago I wanted to start a removal company (New Start) but the banks would not help! - so I went to the Princes Trust who said they would give me half the money, I just needed match funding and that is where Wessex Reinvestment Society stepped in with a Wessex Business Loan and New Start Removals was up and running. Since then the business has been a success every year.
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