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Key Details
The business
Trading for: 12 months
Sector: Retail
Location: London
Reason for funding
Securing high-street premises
Solution
- Unsecured business loan
- Fixed repayments
- £10,000 over 16 months
- Funding time: two days
- Loan topped up twice
Results
- Launch of high-street presence in Wimbledon, London
- New lines added
In a class of its own
They say the best businesses are born out of a simple solution to a problem, and we think Nabbd is just that.
The concept stemmed from founder Polly Thompson’s own buying experience while organizing her wedding. She felt well catered for as the bride, but there was little choice for her bridesmaids, so she ended up having to compromise with some dresses that “would do” and a colour she hadn’t intended to go for due to the limited range.
Offering
the perfect blend of digital and storefront
Polly clearly has an eye for detail, offering an immaculate shop and a lively, engaging e-commerce store for her customers and prospective buyers.
The chic boutique-style shop now stocks around 250 dress
samples, and Polly and her small team offer the full VIP experience for
brides and their bridesmaids. They offer glasses of bubbly and a floor dedicated to trying on
samples and selecting their perfect style and colour.
Nabbd is a boutique experience, offering bridesmaids a wide range of hand-picked designer styles, at affordable prices.
No luck with traditional lenders
After trading initially as an online shop only, it became apparent that Nabbd needed its own shop to attract and cater for more bridesmaids. However, with little trading history, finding the small business finance required to move to the high street wasn't going to be easy.
Polly hit a brick wall trying to access the more traditional funding routes, but after much frustration, the ideal solution arrived after a friend recommended Fleximize.
Enter Fleximize
After getting to know Polly and seeing the massive potential in her and her business, Fleximize lent Polly £10,000 over 16 months to secure her Wimbledon premises. Since then, Fleximize has lent her further funding on two more occasions, allowing her to expand her product range, including bringing in new dresses from a new designer.
Big plans to grow
Polly has big growth plans for Nabbd. Although it's still early days, she wants to eventually expand her distinctive business to a franchise model, to service all types of discerning brides and their bridesmaids.
At Fleximize, we believe Nabbd has what it takes to rule its niche of catering for the bridal party, and we look forward to continuing to help Polly develop her ambitious business.
If you’re looking for funding to launch or grow your own
small business, contact
Fleximize to talk about our flexible finance options. Call 020 7100
0110. Alternatively, click on
Apply Now below to open the door to quick business funding, designed especially for your SME.
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