How SME secured a loan of 33% of annual turnover

Many small and medium-sized enterprises face a common hurdle: securing funding for growth. Traditional lenders often restrict loan amounts to a small percentage of a company's annual turnover, hindering their ability to invest in essential equipment or resources.

This was the case for one of our customers in the cleaning service sector. The business was thriving, but to reach the next level, it needed a second vehicle to double its service capacity. However, traditional lenders would only approve a loan within 10% of the annual turnover, leaving the business stuck.

Doubling capacity, doubling revenue

At Ampere, we understand the ambitious vision of SMEs. We believe in their potential and go the extra mile to find solutions. By connecting our customer with a partnering lender who recognized their potential and secured a significant loan – a whopping £20,000, representing 33% of their annual turnover.

The impact:

• Doubled turnover: The new car significantly boosted their capacity, leading to a remarkable doubling of their annual turnover to £130,000;
• Loan repaid in 6 months: The increased efficiency fueled by the new vehicle allowed to repay the loan in a swift six months;
• Enhanced credit history: Their commitment to on-time repayments built a strong credit history, paving the way for easier access to future funding opportunities.

This customer's success story exemplifies the transformative power of believing in small businesses. At Ampere, we're dedicated to bridging the gap between an SME's potential and their path to progress.