Huub founder on how he scaled the business with help from Santander
Sportswear firm Huub has a record level of pre-orders from distributors and wholesalers and an expected turnover of £2m.
In an interview, founder Dean Jackson explains how a Growth Capital Loan and information from Santander helped him scale the business. 'The challenge for a start-up is getting people to take you seriously,' he explains. 'I had the pedigree, but no bank support, until a firm of financial advisers introduced me to Santander. They were willing to listen. Yes, they wanted to see detailed business plans and forecasts, but what they were really interested in was working with me, making it a team effort, which also helps reduce the risk.'
Santander provided Jackson with a Growth Capital Loan and advised him to get a 'co-driver', a finance director. 'This was outside my business comfort zone,' he says, 'and although I felt I was taking a risk, I took their guidance and hired my FD David Lamb – the best move I ever made.'
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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