A Wiltshire animal rehabilitation business has launched with the support of the British Business Bank’s Start Up Loans programme via SWIG Finance.
Based near Salisbury, Nadder Valley Animal Rehabilitation opened in August offering highly-specialist treatment packages for pets with a range of mobility problems in Wiltshire, Dorset and surrounding areas.
Owners and veterinary physiotherapists Tori Edwards and Hannah Topping applied for the financial support when they came across an opportunity to take over an already successful rehabilitation centre that was up for sale. The building in Dinton Business Park had a hydrotherapy pool used to help treat dogs with long-term conditions such as arthritis or neurological difficulties, as well as pets recovering from surgery.
Ms Edwards and Ms Topping took on the business after securing £30,000 of financial support from the startup loan scheme between them.
Ms Edwards said: “We had to put together a detailed business plan when we applied for the loan which really helped us to concentrate on all the different areas and made us understand what we needed do. Most of the loan was then used to buy the business and then the rest was used to help with the rebrand.”
SWIG Finance’s Start Up Loans Senior Manager, Jo MacEachen, commented “We are delighted that we could support Hannah and Tori’s applications. The Start Up Loans scheme is a great finance option for entrepreneurs who are looking to purchase existing businesses, and we wish them every success”.
About SWIG Finance
SWIG Finance is a non-profit company that supports viable South West businesses that can’t secure sufficient funding from their bank. By empowering underserved small businesses to overcome their financial barriers, we are working to create a more balanced financial ecosystem.
We’re growing every year. In 2022/23, we lent £14m to 478 businesses, helping to create and secure over 1,000 jobs and generate £44.6m in social impact. Download the report here.
If you’d like an informal chat about your funding requirements, get in touch with our friendly and professional team to see how we can help: firstname.lastname@example.org / 01872 227 930.