Cornucopia and Linked Finance
- Fri, 2 Feb 2018
Cornucopia: Funding the future of health food in Dublin
When this well known and much loved restaurant wanted to finance the overhaul of their busy service counter and the expansion of their new food product brand, Cornucopia decided that a peer-to-peer loan via our other local DublinTown business member Linked Finance made perfect sense. This is a great example of how local neighbours can help each other out and receive fantastic results.
Purpose: Launching a new range of cold-pressed juices & a new service counter
Run by Deirdre McCafferty, Cornucopia is a much loved and long established vegetarian and wholefood restaurant located in our Creative Quarter. Since it opened in 1986, this attractive and comfortable casual dining restaurant has served over 5.5 million customers! In 2015, Deirdre and the team at Cornucopia, launched their own brand of food products and decided to raise finance to help expand this exciting new part of the business.
Deirdre began looking at ways of raising the €50,000 required in order to fund the restaurant projects. A peer-to-peer loan through Linked Finance quickly became the front runner, allowing Cornucopia to access the funding needed for these projects quickly and with minimum hassle. No needless red-tape and Deirdre was able to use the campaign as a way to promote the business and attract new customers
The application process was painless and Cornucopia was approved to go live on www.linkedfinance.com within a matter of hours. With the loan request open for bidding, Deirdre and the rest of the team at Cornucopia delivered a masterclass in maximising the impact of a successful peer-to-peer campaign. Hitting the local media, emailing customers, advertising the campaign via their website and sharing a short video appeal on social media are just some of the things Cornucopia did to boost awareness of their loan request on Linked Finance. Deirdre also came up with a great package of special offers for lenders to encourage them to get involved at higher levels. This was a massive help in getting the loan funded quickly and a great way for Cornucopia to attract new customers.
Overall, Cornucopia’s was a massive success and the loan was funded quickly allowing Deirdre and the team to proceed with their new service counter and food products business.
“Linked Finance, have been wonderful to work with and have fully supported us through-out the campaign. We would highly recommend them to any business that is looking to grow and raise finance.”