Trading for: 7 years
Sector: Hair & beauty salon and ecommerce shop
Location: Hackney, London
Reason for funding
- Unsecured business loan
- Fixed repayments
- £15,000 over 12 months
- Moving to larger premises and taking on double the amount of stylists
Being in a position to expand your small business is something that all SME owners aspire towards. But timing a premises move or expansion perfectly can be challenging, especially if you have to coordinate it with a business loan application.
This is the position that Olivia Crighton, founder of Hackney-based Glasshouse Salon, found herself in. After having recognized a gap in the market for organic hair products several years ago, Olivia founded Glasshouse Salon to cater to those looking for safer and more natural hair and beauty services.
After a few years of working as a sole trader, Olivia realized that the business was growing faster than she could manage on her own, and so incorporated Glasshouse Salon and brought in a team of stylists. Not long after, further expansion was on the horizon, with the business setting up its online shop. This meant that the beauty products sold in store, such as Glasshouse's own hair and body wash, were available to customers all over the world.
Unsurprisingly, both the online shop and salon have gone from strength to strength, resulting in Olivia being in the position to move the salon to bigger premises and take on more staff.