Within two short weeks Online Print Company had received the money they required, without having to give away any of the company...
Online Print Company was set up to meet the ever-growing demand for online printing facilities, aiming to provide the most user friendly and cost effective way to provide high quality products online. Franchising is a key part of their growth strategy and they aim is to have 60 established franchises within the next 5 years.
When Online Print Company first approached Angels Den they were very focused on getting an equity investor but were getting nowhere. It was clear to their Regional Manager that their business plan could support a short term loan and with an Angel in mind, the two were put in contact. Once this Angel was on board, the second Angel was quick and easy to find and resulted in Online Print Company gaining two offers from Angels for the full amount they were looking for.
After the interested Angels had visited the company and seen their premises and staff, they concluded a short agreement loan and Online Print Company received the money within a couple of weeks. Since Online Print Company received the money, it has enabled them to do more for clients for less cost.
Not only did Angels Den enable Online Print Company to get the funds they needed very quickly, but they also didn’t need to give away any of the company.