Muhammad Imran owns and manages Indian food services company, Haji’s Catering. The business operates in and around East Kilbride in Glasgow, offering food delivery and collection services as well as shop order deliveries. Muhammad has taken several rounds of funding with MaxCap as his business has grown over the years.
“My business is going really well,” he says. “We’ve been enjoying steady trade but in order to grow and reach the next level I’ve needed to borrow.”
Working in this service industry involves processing large volumes of food and catering supply items and Muhammad sources much of his stock in bulk from wholesalers. He explains, “We buy stock at cash and carry stores which often have very good deals especially on large orders – big volume items like rice, oil, plastic containers, bags, those sorts of things. It’s always much more cost efficient to buy these items in pallet quantities. These are things we know we’re going to be using all the time. So, if I am able to buy these items in bulk and take advantage of the better price, I’m actually saving money in the long run.”
This is where the loans from MaxCap have really helped Muhammad to scale up his operations. “With the money we’ve had from MaxCap I’ve been able to ramp up my stocks and take advantage of price efficiencies from the wholesalers.”
Muhammad also uses other finance sources, each providing something slightly different, but he is a repeat customer with MaxCap and enthusiastic about their offering. In particular, he cites the ease of their working relationship, the simple application process and the smooth, predictability of the repayment process.
“With MaxCap I know what my repayments are going to be. They’re a fixed amount on a regular basis. So that really helps me with my strategic planning. And MaxCap is super easy to work with. I have a contact there – my account manager – he’s really co-operative and responsive. It makes such a difference, having that solid support through the funding process, which can often be an incredibly stressful experience for a small, independent business.”
He concludes, “I know for sure that, even factoring in the interest on the repayments, the finance I get from MaxCap is going to help me grow my business and make more money in the future.”
Click here to find out more about Haji’s Catering here.