During a period when the economy was contracting, Dickson Shreffler embarked on an ambitious expansion of his mall, venturing into a large warehouse space. This bold move required additional working capital to navigate challenging times and ensure a successful transition.
Challenge
Dickson faced a significant challenge as he expanded The Sleepy Poet Antique Mall. To secure the necessary financial support swiftly, he reached out to Jared Feldman, CEO, and co-founder of Fora Financial.
How Fora Financial Helped
Recognizing Dickson's impressive retail track record, Jared took a chance on The Sleepy Poet Antique Mall, aiming to provide the boost needed during a tough economic climate.
Fora Financial's transparency and willingness to support Dickson's vision played a crucial role in their partnership. Dickson attests, "With Fora Financial's transparency, you know what you're getting into." Subsequently, Dickson received funding from Fora Financial nine more times. The most recent funding was directed towards an online advertising program, highlighting the evolving nature of their collaboration.
Results
Dickson's partnership with Fora Financial yielded significant achievements and benefits for his business:
Successful Business Expansion: With consistent financial support from Fora Financial, The Sleepy Poet Antique Mall expanded its operations by opening a second location. This expansion marked a tangible milestone in their growth journey, demonstrating the effectiveness of their partnership.
Frequent Funding Rounds: Throughout their collaboration, Dickson secured funding from Fora Financial on nine separate occasions. This repeated financial support not only provided the necessary capital for growth but also underscored the strength and longevity of their partnership.
Adaptable Financing Solutions: Fora Financial's commitment to supporting Dickson's success was evident in their ability to adapt to changing business needs. The recent allocation of funding for an online advertising program highlighted their flexibility in meeting evolving business requirements.
Conclusion
The case of The Sleepy Poet Antique Mall exemplifies the resilience and growth made possible through a partnership with Fora Financial. Their consistent support, transparent approach, and adaptable financing solutions have empowered Dickson to expand his business, even in challenging economic conditions. This enduring collaboration reflects the value of accessible and flexible financing for businesses striving for growth and success.
Why Fora Financial
Why They Chose Fora:
Transparency: Fora Financial's transparency in their dealings, which provided clarity and confidence in their partnership.
Ease of Funding: Fora Financial's funding process was straightforward and accessible, which made it easy to obtain the necessary capital for his business.
Improving Terms: Fora Financial's commitment to supporting his success. With additional rounds of funding, they noted that the terms of the funding improved.