By Admin in YouLend 25.04.2017
Drones and much more
From Thisted in the north of Denmark, GeareXperten sells smartphone accessories, drones, smartwatches and other gadgets at great prices. The company was established in spring 2016 and has since grown steadily to become a medium-sized Danish web shop that is continually expanding with new products. Their concept is straightforward and based on exciting products at great prices with fantastically fast delivery and free shipping. New products and product groups are added to the website on a rolling basis, see more at www.gearexperten.dk.
What were your considerations in relation to funding?
As a relatively new business, the bank was not an option for us. We did not have two annual reports or the opportunity to have several time consuming meetings with the bank. Therefore, traditional bank financing was not a possibility. YouLend did not exclude us because we were new but instead focused on our sales data. The application process was super easy and everything was done online when it suited us. That meant that we could focus on running the business. In addition, YouLend’s responsible and flexible financing algorithm matches our repayment with our sales trajectory, which is perfect for our needs as a smaller company, where sales can vary from week to week," says Stig from GeareXperten.
Is YouLend relevant to my business?
If your business has been generating revenue for three months or more at an average of £2,500 or more, you can get an offer at www.youlend.com. Financing via YouLend is flexible, responsible and often cheaper than the bank.