schoolbooks.ie raise €106,000 with linked finance
When the nation’s parents became homeschoolers overnight, they turned to Tralee-based Schoolbooks.ie for art, craft and school supplies. To finance the extra stock, schoolbooks.ie turned to Linked Finance.
Schoobooks.ie are no strangers to Linked Finance, as regular users of our platform to fund additional stocking loan requirements.
A highly seasonal business, Schoolbooks.ie had planned well for their usual busy times, but the closure of schools as a result of the Covid-19 caused unprecedented demand for school and art supplies from parents.
They needed to quickly ramp up their stocks and they turned to Linked Finance to support their needs.
Our lender network recognised the strength and value of this company and funded a loan of €106,000 in less than 20 hours. The funding was then available to the business to drawdown immediately.
In further support to the business, Linked Finance also arranged national and local media coverage for schoolbooks.ie to recognise the work they have done to respond to customer needs and grow their business.