Product: Unsecured Loan
Purpose: Securing a license
Sarsparilly is a unique vintage-inspired clothing retailer, based in Newcastle, NSW. Known for their lovingly crafted, one-of-a-kind pieces, featuring pop culture references, kitsch, and colour, Sarsparilly are onto something special. Every garment is handmade in Australia from quality fabrics that have been laser printed using eco-friendly dyes for minimum wastage. They're also committed to supporting up-and-coming designers, which means that many of their prints are created by independent artists.
The team has been going from strength to strength since their launch in 2016, and after years of hard work, an exciting growth opportunity appeared on the horizon. Maria - founder of Sarsparilly - had the opportunity to secure a license to use characters on her garments for a collaborative collection. Maria knew how valuable this would be for her business, but it wasn't the right time in terms of cash flow.
Maria reached out to Valiant and we were able to offer product-agnostic advice to help her explore her financing options. With a view to helping Sarsparilly take advantage of a fantastic growth opportunity, Jacob - one of Valiant's Product Specialists - worked closely with Maria to learn more about her business. Once Jacob was confident that he had a complete picture of the business and that a loan wouldn't be detrimental or unnecessarily stressful, he was able to recommend an unsecured loan that was separated into two payments of $10,000. The loan structure would give Maria the flexibility to use the funds as her business continued to grow, rather than accepting a lump sum upfront.
Maria received the advice, support, and funding she needed, within the right time frame:
“My finance literally took 8 minutes on the phone to approve and the funds were in my account in 48 hours. Jacob was very easy to talk to and stepped me through the process. I was very surprised at how quick and painless it all was.”
If you're wondering what an unsecured loan could do for your business, our experienced team of specialists can help you explore your options. Valiant has built a product-agnostic matching algorithm that puts you in the driver's seat, and we can support you along the way. Give us a call on 1300 780 568 and help us learn more about your business.
Nathalie is the Communications Manager at Valiant Finance. She has a double degree in Journalism and Law, and a background in the fintech space, hailing from Asia's largest fintech hub, Stone & Chalk.