Exeter-based WNW Digital has received a £100k CBILS- backed loan to support its business continuity and growth during COVID-19.
The loan, which was accessed through SWIG Finance and supported by Triodos Bank, has helped to safeguard 12 jobs and will provide additional working capital throughout the pandemic.
WNW Digital is a full-service digital marketing agency offering an extensive range of marketing support, including Digital Strategy Reviews, Search Engine Optimisation, Email Marketing, Websites and Landing Pages, and more.
The business was formed by Managing Director Nigel Wilkinson in 2000 and marks its 20th year of trading this year.
WNW Digital are well-established in Devon and have plans to extend their geographical cover. The economic downturn created by COVID-19 delayed their growth ambitions temporarily, however, the CBILS funding means that the business can now continue moving forwards and get back on track with business growth.
SWIG Finance’s Business Manager, Jordan Berg, commented “The implications of COVID-19 have forced many businesses to become more digitally-focused and the demand for digital services has increased significantly. This funding means that WNW Digital can continue to realise their growth ambitions during this critical period whilst simultaneously helping to boost their customers’ business growth with effective marketing.”
WNW Managing Director, Nigel Wilkinson, said “COVID-19 has set back our growth plans, however thanks to CBILS, we remain optimistic about the future and have identified several opportunities to support business growth. Many thanks to SWIG Finance for supporting us”.
Matt Boggan, senior relationship manager at Triodos Bank UK, who provided a loan to SWIG to support funding such as this, added: “We’re proud to be supporting SWIG, alongside another likeminded organisations. Its aim to make finance more accessible and inclusive aligns closely with our own values, and we look forward to hearing more about the impact that SMEs like have in the South West.”
About SWIG Finance
SWIG Finance provides loans from £10,000 to £250,000 to South West SMEs who cannot access sufficient support from their bank.
We are an accredited delivery partner for the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS).
If you are a viable business but your cash flow has been disrupted, or if you have lost revenue, get in touch with our friendly and professional team to find out how we can help: info@swigfinance.co.uk / 01872 227 932.
Alternatively, for more information, visit https://www.swigfinance.co.uk/coronavirus-business-interruption-loan-scheme-cbils/