Crowdfunding Beats Banks to Fund 400% Growth Target for Business

Technology start up business Water-to-Go Ltd achieves funding from crowd funding after refusal by banks. The company is now using the funding to deliver on a 400% growth business plan.

Caddington, United Kingdom – /PressCable/

Caddington, Bedfordshire, UK, Water-to-Go Ltd achieve their crowd funding target of £125,000 (US$ 210,000) with more than three weeks left for further investment. This was after major high street banks refused to lend against property assets valued at several multiples of the requested funding amount.


After just 18 months trading, the company had secured rights to a unique, patented, developed for NASA water-filtration technology, developed a strong social media presence including numerous

testimonials and signed distributors in 9 countries around the World. With a new product line about to be launched and discussions with more than 20 other parties taking place, there was a pressing need for working capital.


The company is led by Dave Shanks who has over twenty years experience successfully running several companies. His belief in the company and the product that has the potential to bring safe clean drinking water to anyone anywhere in the World meant that he was willing to put his home on the line to fund a business plan that seeks to deliver 400% growth by the end of 2015.


After discussions with several high street banks that continued for 18 months, none of them came back with agreeable terms despite the value of assets being offered as security being several times greater than the value of the loan.


As a result of this setback, Mr. Shanks chose the crowd funding site CrowdCube.com to raise funds. With three weeks still left the initial sum has been raised and the company is enjoying the benefits of over-funding. Even more money is now being raised so that company growth can be accelerated still further, details can be found at http://www.watertogo.eu/crowdcube-170-w.asp.


Dave Shanks commented:


I can highly recommend crowd funding as an alternative to bank lending. Not only is the process relatively quick, greater numbers of investors increases the number of advocates for our products and the knowledge and experience that the company can call upon.


Company Information: Water-to-Go Ltd is based in Caddington, Bedfordshire and distributes unique NASA

developed 3 in 1 water filtration systems for outdoors, sports, travel and everyday use. Full details can be found on their website at watertogo.eu.


Contact details: For additional information, images or to arrange interviews, please contact Mike Spurgeon of Mind Font Ltd on (+44) 1582 834 016 or by email at mike@mindfont.com.


Contact Info:
Name: Mike Spurgeon
Email: info@mindfont.com
Organization: Water to Go Ltd
Website: http://www.watertogo.eu/
Phone: (+44) 1582 834016
Address: Unit 7, Cotswold Business Park Millfield Lane Caddington, Beds., LU1 4AJ United Kingdom

Release ID: 58894