Local business Punctual Print has turned to Ireland’s first crowd-funding platform to update their printing machinery and expand the business.
Crowd-funding platform Linked Finance connects small businesses looking for funding to individuals who can loan a small amount – it can be as little as €50 – who then earn a return on their investment.
Punctual Print, based in Blessington, was founded by Bernard Moran in 1999 and offers a high impact design and printing service.
Punctual Print is looking to borrow €35,000 to promote the business and update printing equipment. The company services various industry sectors nationwide and have expanded enabling them to broaden their service portfolio to include web design, digital media and more recently, large format printing.
Their commercial printing facility is a state-of-the-art print shop for nationwide business-to-business printing.
Lenders investing in Punctual Print would be promoting a local growing business and the loan will provide the means to achieve it.
Founder and owner of Punctual Print, Bernard Moran said: “Crowd-funding is an innovative idea and a much easier process to negotiate through compared to the usual bank route.”
Since Linked Finance was commenced in March of this year 51 businesses across 16 counties and a huge variety of business sectors have been accessing finance to expand and grow.
More than €1.2million has been bid on the marketplace and more than 4,000 registered users are looking to support SMEs and to get a good interest rate return on their lending.
More than 50 jobs have been created as a result of business loans being facilitated through Linked Finance.