“The credit union has helped us turn an idea into a business!”
You might think that the financial sector isn’t always a glamorous one, this story could change your mind. One of our members, Chloe, secured a loan from us to help her with starting a small business. Chloe and her friend Jessica created Eden Aesthetics. What makes this story all that more impressive is that these inspiring ladies have young children at home. Developing a new business and working as nurses is time-consuming and doing this with kids deserves a gold medal in our book.
Starting a small business
Their business focuses on medical aesthetics such as dermal fillers and anti-wrinkle injections. They intended to use the loan to pay for top of the range equipment and products. To offer a quality service that they felt was needed in the market. Chloe and Jessica understood that these items could have been financed separately. However, having everything consolidated into one easy flexible payment each month proved to be a convenient and cost-effective alternative.
Fortunately, the pair don’t just rely on their equipment. When it comes to the medical profession, the young entrepreneurs have a vast amount of knowledge. The two have earned the accolade of being NMC registered nurses and have completed additional courses to become experts in their field. With their business passion and thirst for learning, they show no signs of slowing with their development. They are both working towards studying a Masters at university, this really displays their intent to progress. alongside their commitment to providing qualified medical aesthetics to the South Mancunian community.
Their experience with the credit union
From speaking to Chloe and Jessica, they made it clear that a credit union loan was much more personal. Banks could be dismissive, and focused solely upon their credit score. Banks can have increased repayments to leverage the risk of lending to a brand new business. Although any new business has an element of risk. Taking the time to talk to the duo had a big influence on our decision-making.
Our philosophy to serve members with fair finance allowed us to provide a rate that the pair could comfortably afford. We were able to use Chloe’s credit union history of consistent loan repayments and saving levels as well as a face-to-face interview to make a rational, human decision. We always aim to help our community’s finances and nothing is more exciting than watching a new business blossom.
Here at South Manchester Credit Union We wish Eden Aesthetics all the best. Under the professional management of Chloe and Jessica, we have no doubt that the business will succeed. If you are interested in starting a small business join today.
