5 April 2020
"Funding Options spent some time trying to understand what it is we do, and why we needed this funding. The whole process was very easy and straightforward."
We helped eco-renovations firm Bright Green Homes find the right loan for their growing business.
Bright Green Homes is a full service design-manage-build company based in Brighton. They specialise in helping homeowners and landlords improve the energy efficiency of their homes or offices — so they can reduce their carbon footprint and impact on the environment, while maintaining a beautiful and stylish space.
The eco-construction firm had gone through a strong period of growth, with turnover increasing more than fivefold in the previous three years, and the partnership wanted to invest in various areas of the business to continue this trend.
But despite high growth, Bright Green Homes hasn’t shown huge profits because of the normal growing pains of any business, and reinvesting as a long-term strategy.
Founding partner Alex Hunt approached Funding Options for help, and we had a conversation about the business, its current financial situation, it's recent history and plans for the future.
Once we’d narrowed down the range of choices through talking to Alex and getting to know his business, the rest was simple — we agreed a loan for Bright Green Homes with a local provider within two days.
Alex and his team are going to use the funding for a variety of business purposes, including buying tools and an additional vehicle, and increasing their storage space. They’re also planning to improve their staffing by hiring and training additional employees, invest in a project management system, and pay for a new website which will help them spread the word.
In short, finding the right finance means Bright Green Homes can do all the things necessary for a company looking to scale up — so they can continue their impressive growth and plans for the future.
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The historic Ruthin Castle Hotel had entered voluntary administration when it could no longer service its debt. Refurbishment plans had overrun and exceeded budget, running to high costs that meant the business was struggling to pay its creditors.
"Funding Options basically took all the hassle out of it. We've now been able to expand the company to a point where the next step for us will be to bring in investors over the next year."