One year on: did you lend to this vehicle parts supplier in South Wales?

This month we met director of Spartan Motor Factors, Jason Farrugia.

Spartan Motor Factors are the fastest growing vehicle parts supplier in South Wales, with branches in Newport, Cardiff and Bridgend. They are dedicated to providing high quality vehicle parts at competitive prices to local garages.

Frustrated at the poor service levels offered to garages in the South Wales area Jason, a former RAF officer, spotted a gap in the market. He set up Spartan Motor Factors with his co-directors Lee Gratton and Daniel Webb in 2012.

Jason told us one of the biggest challenges his company faces is cashflow, especially when you are opening up a new branch as you need to hire staff at least two months before you open to help set up the new site.

The £75,000 Funding Circle loan he borrowed from 1,251 investors in May 2014, has ensured Spartan Motor Factors has positive cashflow. This has allowed them to open a new branch at short notice and build a mezzanine floor in their Cardiff branch, doubling their stock.

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