Case Studies

Start Up Loan allows motorbike expert to drive ahead with new MOT service

by prg | Category | Aug 14, 2014

Start Up Loans recipient drives ahead in Eastbourne East Sussex

An enterprising motorcycle mechanic has kick-started his business with a new MOT service thanks to the Start Up Loan scheme and Let’s Do Business Group.

Mark Gatward worked for an amateur motorcycle racing team for 20 years, as well as servicing bikes for compulsory basic training, before deciding to run his own business offering repairs and accessories.

Start Up Loans in Eastbourne, East Sussex

He took over Mad4motorcycles in Birch Industrial Estate, Eastbourne, six months ago and set up an extended hours MOT service to draw in new customers.

Unlike other MOT centres that operate during usual trading hours, Mark allows customers to drop off their bikes before work from 7.30am. Mad4motorcycles also has extended opening hours until 7pm on Thursdays.

When Mark approached high street lenders for a loan to install an MOT bay, his application was rejected– but undeterred, he turned to Let’s Do Business for a Start Up Loan.

The scheme offers flexible pay back terms on loans that average £5,000, mentoring support and a host of other discounted benefits to newly formed businesses across the southeast.

“If it wasn’t for Let’s Do Business, then I wouldn’t have the business I own today,” said Mark, who was loaned £9,400. “Their help was invaluable.”

Keir Dellar, Head of Projects at the Let’s Do Business Group, added: “Mark didn’t meet the criteria for a loan from a high street lender but we were pleased to help and it’s great to see his business idea get off the ground.”

For more information on how the Let’s Do Business Group can help start your business, visit www.letsstartup.co.uk, call 0845 601 8326 or email loans@ldbgroup.co.uk.

Further details about Mad4motorcycles are available at www.mad4motorcycles.com or phone Mark on 01323 411814.

 

Address

  • Address: Let's Do Business Group
    8th Floor,
    Ocean House,
    87-89 London Road,
    St Leonards-on-Sea,
    East Sussex. TN37 6LW
  • Email: loans@ldbgroup.co.uk
  • Telephone: 0844 943 2988 (Calls cost 5p per minute plus your phone company’s access charge. If your mobile tariff allows free calls to landlines, you can call 01424 205 500.)

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