K Footwear UK is a footwear company that reached out to Crispcap for a business loan. The loan wasn’t for a large expansion or to purchase high-end machinery. Instead, it was for the bread and butter of the business: shoe inventory.

Since K Footwear UK was a relatively new company, finding traditional funding was challenging. Crispcap was able to work with K Footwear UK to find a loan big enough to make a large inventory purchase without causing cash flow disruption in normal operations.

Here’s how their funding journey played out.

How Did K Footwear UK Limited Start?

K Footwear UK is a company founded just over one year ago; however, the founders already have a successful clothing company formed in 2020. K Footwear UK expanded their existing apparel offerings to include shoes.

What Challenges Did They Face Before Getting a Business Loan?

Prior to getting a business loan from Crispcap, K Footwear UK faced numerous challenges with high street banks. For one, finding enough capital to make large inventory purchases without using personal funds was difficult. The founders didn’t want to keep putting personal funds into the business. Instead, they wanted K Footwear UK Limited to be able to support their own expenditures.

What’s more, traditional banks were offering repayment terms that didn’t fit existing cash flow. K Footwear UK Limited was in a tough financial position.

How Has a Business Loan Helped Them?

The small business loan from Crispcap went directly towards purchasing inventory and supplies. K Footwear UK was able to order 200 boxes of inventory on sale. Not only were they able to increase their stock, but they also saved money because of the quantity they were able to purchase.

What’s Next for K Footwear UK Limited?

K Footwear UK has strategic expansion plans for the future. With the excess inventory, they will be able to increase revenue and grow the financial foundation of the business to unlock future funding opportunities. By strengthening the business’s financials, the founders plan to switch from putting in personal capital to funding all expansion initiatives through the business.

If you’re like K Footwear UK and need a small business loan, contact us at Crispcap today. Start your 30-second application process here, it won’t affect your credit score.