Prospa helps Liverpool restaurant grow sales by 30%
Creating and experimenting with food is Dawood’s passion. In order to take a step back from the everyday business operations at Fiusion Pizza, focus on the food, and achieve a work/life balance, Dawood decided to invest in slight business changes that would pay off in the long-term.
But sourcing a small business loan wasn’t such a simple process initially.
“When I wanted to make some improvements to the business and needed a loan to do so, I originally went to the banks,” says Dawood. “But it became very clear that they weren’t capable of helping a young small business looking to secure a modest loan.
“That’s when I gave Prospa a call. I knew that the previous owners of the business had borrowed from Prospa and had heard good things. Prospa was able to approve the loan within a couple of days, and the application process was incredibly straightforward.”
Almost immediately, Dawood set to work improving the business, using the funds to ramp up advertising and marketing activity, install new shop front signage and LED lighting, as well as purchase a new oven and new uniform for staff.
The results have been tremendous. While the holiday period from December to February is typically quiet for small restaurants, Fiusion Pizza saw a record boost in sales and Dawood is well on track to working a three to four-day-week.
Working with Prospa to repay the loan has also been an easy process for Dawood.
“With some business loans, it can feel like they are weighing on your shoulders – this isn’t the case with Prospa,” says Dawood. “The repayments are automatic and so manageable that I hardly notice them going out. Plus, the business growth achieved through Prospa has helped me to pay the loan off more quickly.”
Want to expand your offering? Talk to Prospa about a funding solution that keeps your small business moving. Find out more.
Hair salon owners Amanda and Peter Rickman wanted to grow their online retail shop by investing in more inventory. In turn, revenue has increased by 10-15%.View more
Quick access to finance allowed commercial tiling business, On Time Developments, to say ‘yes’ to growth opportunities that presented during COVID-19.View more
Subscribe to the Prospa Blog
Be inspired! Sign up to Prospa’s newsletter to receive tips, tools and small business success stories straight to your inbox.