August 5, 2020
Factory 45 is a multi-purpose warehouse space above Mercato Metropolitano, Elephant & Castle’s street food market.
We helped Factory 45 get the loan they needed to cover the cost of refurbishing their new premises
Co-founders Romain D, Romain R, Thibault and Youri opened the space after the French Corner, their previous venture in Mercato Metropolitano, had been a success. The new Factory 45 space would give them the flexibility to offer a wider range of activities, from fitness and photography to art installations and corporate entertainment.
The team of young entrepreneurs had moved quickly, refurbishing and launching Factory 45 just two months after getting the keys to the building. Meanwhile, the French Corner was being refurbished for the summer, moving from a winter skiing theme to a summer Provençal theme. All of these costs — from the custom-made bar to the outdoor pétanque field — would be happening in a short space of time, at a quiet time of year, so the owners decided to use business finance to keep things running smoothly until they recouped the costs over the busy summer period.
Although Factory 45 had only been trading for a few months, we found them a short-term unsecured business loan based on their strong revenues. Things have been going well since then, and the team are looking into expanding the Factory 45 concept to new locations around the UK, Paris, and beyond.
Discover more about how an unsecured business loan could help your business with growth and expansion plans here.
Let us help you find the best business finance solutions in the market. We will guide you through the whole process and make sure you get the best deal.See your Funding Options
Match with 120+ Lenders
It’s free and it doesn’t affect your credit score
Expert help throughout the process
Loans from £1000 to £15M
The additional funds and time away from work meant Tim and his team could spend more time focusing on scaling the business.
Hoverdale makes world-class hard metals and wear-resistant products for the mining and manufacturing industries. For more than 40 years, they’ve been the industry leaders in hard-wearing conveyor belt equipment – Hoverdale’s metals proved more reliable than anybody else’s and took the business from strength to strength.