loanLoan
Capital at risk
24
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Founded by Holger Nygaard, The Bag Broker is a fast growing, internationally recognised wholesaler of flexible packaging. They offer 100% recyclable materials and a wide range of packaging solutions. The Bag Broker supply mainly pre-formed bags for the food and drinks industry, and are known for their high-quality plain and custom printed bags for tea, coffee and dry food packaging. Funds raised will be used to increase stock and for expansion.

Our mission is to provide high quality products at competitive prices, giving the market a premium product packaging service.

The Big Bag Broker specializes in flexible packaging solutions for the food and drinks industries. With 4 offices spread over 3 continents, we deliver products at competitive prices with fast turnaround times. Our bags are available in a range of designs, sizes and premium finishes to meet the exact requirements of any product, and are all manufactured in our own ISO-22000 certified factories.

Founded in my spare bedroom in 2004, The Big Bag Broker has grown into a company with nearly 20 employees in the UK, EU, Australia and Dubai. I am multilingual; speaking Danish, English, Mandarin Chinese and some German, this along with my core expertise in how to do business in the Far East has helped with the brands growth internationally.

With years of experience providing high quality product bags and food packaging materials, we have the expertise and knowledge to help with virtually any kind of query in the field. We offer 100% recyclable packaging and are dedicated to packaging solutions at reasonable rates. Funds raised will go towards increasing stock and further expansion.

Credit commentary:
The director is providing a personal guarantee, this means that if the business fails, the director becomes personally liable for the loan. The director is a non-homeowner and has a limited credit file. There have been no CCJs for the business or directors. The bank statements demonstrate reasonable affordability. The accounts remain well in credit and disclose a good level of working capital.

COVID-resilience:
The Bag Broker is an e-commerce business and has proved good resilience and strong retail growth during the pandemic.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 53k
Raised
£ 53k
Investors
177
Est close date
Funded 7 months ago in 7 days

Where will the funds go?

Expansion
£10,000
Stock increase
£43,191

Key people

Holger Peter Nygaard
director

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Business brand

Tonbridge, UK

"Our mission is to provide high quality products at competitive prices, giving the market a premium product packaging service."

Incorporated
5 years, 6 months
Credit risk indicator

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.