Investment & Fund Management
Teasdale Motorcycles turned to
Full Credential Description
Teasdale Motorcycles, a motorcycle retail business in the United Kingdom, faced significant challenges in securing financing following the credit crunch, which made banks reluctant to lend to businesses. This situation threatened the company's growth and expansion plans. To overcome these financial hurdles, Teasdale Motorcycles turned to Funding Circle, a peer-to-peer lending platform supported by the European Investment Fund (EIF) through its securitisation activities.
The tailored solution provided by Funding Circle enabled Teasdale Motorcycles to secure the necessary loans to not only acquire an online e-commerce website but also to expand into larger freehold premises. This funding facilitated a broader product range, increased the workforce, and significantly boosted revenues through impressive sales growth. Since the initial borrowing, Teasdale Motorcycles has created up to 10 new jobs and is in the process of constructing a second-floor showroom to further enhance their offerings. This expansion is expected to drive sales even higher and potentially position Teasdale Motorcycles as the largest motorcycle dealership in the North of England.