The Business Lending Blog

Update: JitterBeans

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JitterBeans has had a very busy 12 months since completing their loan with the Linked Finance lenders last year.

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Both retail and contract catering revenues have seen double-digit growth, bottom-line profitability has increased and the balance sheet is looking healthier with every passing month. The borrowed funds assisted us in opening another remote school location in October ’14 as well as updating both our catering equipment and our IT infrastructure. We also successfully renegotiated some legacy leasing debt from our 2009 expansion securing a 75% write-down – only possible with the assistance of the Linked Finance loan. We are currently submitting tenders for future projects, both in retail and contract catering, and we look forward to partnering up with Linked Finance again in the coming months to bring these projects over the line.

Vincent & Michael, owners of Jitter Beans.