By Admin inYouLend 01.03.2017
Bekko needed financing at a stage when the demand for household lamps was at a seasonal low and while they were equally looking to expand their product range of furniture and other home accessories to reduce this seasonality. YouLend was able to provide flexible and responsible financing to solve both these issues.
Nordic design for the home
Bekko is a Danish webshop selling everything from lamps to furniture and other home accessories. In short, Bekko has everything you need for your home in top quality Nordic design and at affordable prices. The webshop has been around for a few years but was acquired by the current owner in 2015 and has since expanded their product range and the number of employees. See more at www.bekko.dk.
Why was YouLend a good match?
"We've used YouLend twice and they've delivered compared to the bank on both price and flexibility. After the first loan, we saw a decline in sales, but by using YouLend's flexible repayments which matches our sales, it meant that we could adapt to the difficult period. While as sales grew YouLend was ready with another loan to help build up our inventory. Everything was fast, easy and cheap. It would have been a completely different story with a traditional bank loan with fixed repayments and accumulating interest rates, we would have come into liquidity problems while our sales slowed down," says Rasmus Bruus Larsen, CEO.
Is YouLend suitable for your business?
If, like Bekko, you are looking for a flexible way to finance your business, YouLend can help. See if you qualify for funding via YouLend in just one minute at www.youlend.com. You decide what the funding is to be used for and there are no requirements for submission of budgets and annual reports.