Flexible funding for clothing pop-up

Blink and you'll miss BBS Clothing's (BBSC) enormously popular pop-up stores. The fast-paced nature of Daniel Peters' business means he works on tight time frames and so needs his finance to accommodate that. The new type of overdraft BBSC is using does just that. This is Daniel's story:

Daniel came up with the concept for BBSC around three years ago. He knew that menswear was a fast growing industry, with some great, small brands launching. Since then, he's opened six pop-ups showcasing these young brands, growing in size each time. His latest store was his most ambitious yet; but a funding round that failed at short notice, for reasons beyond his control, left him without funding for what he knew would be a very profitable enterprise.

That's when he turned to iwoca for finance. "Iwoca really made the whole thing happen", says Daniel

"They helped me secure the perfect premises alongside purchasing enough stock to fill it." The credit line has acted a lot like an overdraft. Being able to get funded within a few days means that Daniel can get money to buy stock on short notice. Equally, only having to pay interest on outstanding balances means Daniel can make early repayments as soon as he starts making sales, pushing down the overall costs of finance.

Daniel has big plans for BBSC, with some large department stores already interested in giving him concessions. We're excited to see what Daniel does with his next store!

Daniel in his store

  To see the benefits yourself

Request an Overdraft