James Cole is founder of Panache Cruises, an online luxury cruise retailer based in Chorley. The company has received two separate loans from Rosebud Finance (£500,000 in total) since launching in 2020, supporting the company's continued growth. He shares insights on how the funding has supported the business and tips for other businesses looking at external finance.
The funding has been fundamental to us growing our business quickly and profitably, ensuring we can increase employment in the Lancashire area.
The ability to invest in new premises, increase our marketing spend and employ more people sooner than we would have otherwise.
This depends on what the funding is required for. However, I would suggest speaking to and exploring as many different options as possible. A simple Google search will open up several options.
They look for experience, achievements and confidence that a business leader can implement the plan they are presenting.
Explore all avenues and if you don’t ask you don’t get. Be positive, be confident and have a robust plan. For more information about Rosebud Finance, visit https://www.rosebudfinance.co.uk/