By Admin inYouLend 04.04.2017
Loow needed financing that could adapt to the seasonality of their sales. Traditional financing solutions do not take into account fluctuations in sales, and that can be worrying for young businesses. With a YouLend Advance, Loow could successfully build and reinvest without stifling their growth.
A special forces soldier conquers the fashion industry
LOOW was founded by former special forces soldier Anders Lorentzen who now sells high quality men's clothing in merino wool directly from his web shop. Throughout his career in the Danish Special Forces, Anders realized that merino wool was a material that could be used both in the cold north and in the hot Middle East. Anders started the pursuit of the perfect t-shirt in merino wool, combining delicate design with durability and a quality that makes the product last longer and thus helps reduce the amount of clothing we need to buy. We support his mission and are very impressed with LOOW's achievement. See for yourself here: www.loow.co.
What did YouLend do for your business?
"My company used YouLend to fund inventory and marketing. YouLend´s financing product is innovative and fits my business, as the flexible repayment means that I do not have to worry about fixed instalments that adversely affect my liquidity if the marketing does not result in sales as soon as expected. It gives my business a better foundation for investing and growing," says Anders Lorentzen from LOOW.