By Admin inYouLend 02.08.2017
Connie Nielsen opened Farmors Outlet (Granny’s Outlet) in 2011. The business idea arose soon after Connie became a grandmother and realised how hard it was to find clothes for babies born prematurely at reasonable high street prices. Connie quickly found there were savings to be made by purchasing large wholesale quantities herself and then photographing and listing the items individually online. Since starting in 2011, Connie has turned 60 and has seen her little webshop expand into an exciting and growing business which now sells premature baby clothes, toys and other baby products all in a highly environmentally sustainable quality. See more here www.farmorsoutlet.dk.
How did YouLend help Granny’s Outlet?
“I used YouLend’s loan facility to obtain a working capital solution, one that was more responsible than those offered by the banks. The YouLend solution allowed me to: 1) increase my inventory levels and thereby sales; and 2) negotiate better purchasing terms thereby improving margins. They have given me the freedom to grow my business with the safety net of offering flexible repayments. Their platform is really easy to use and their employees are all very sweet and helpful” says Connie Nielsen.