An independent vets practice has seen significant growth since securing a five-figure loan funding package from finance provider ART Business Loans.
After receiving funds from ART Business Loans in 2022, The Market Town Vet now operates two centres, with a third on the way, while increasing its head count from five employees to 35 staff.
Managing Director Rob Tulloch launched the business with a practice in Oswestry during the Covid-19 lockdown in 2020, opening another site in Shrewsbury soon after.
When cashflow became challenging he looked to borrow funds to support the business during its growth phase but was unable to get the backing he needed from his approaches to mainstream lenders. A broker recommended Rob speak to ART Business Loans, who were able to fund the next phase in his journey.
With loans available for any business purpose from between £10,000 and £250,000, ART Business Loans takes a personal approach to assessing applications.
Rob said: “ART Business Loans took a risk supporting us as a new business but it was a breath of fresh air to speak to somebody about the long term vision.”
ART Business Loans manager Martin Edmonds said: “By taking the time to look beyond the balance sheet and listen to the long-term strategy, we were able to provide the support needed to unlock that potential. Seeing the practice grow to 35 employees, and soon opening its third site, is incredibly rewarding.”