The Malvern Book Co-operative
Located in the centre of Malvern in Worcestershire, the Malvern Book Co-operative is a community-owned business that sells a wide range of new books and related gifts.
With the existing bookshop in Malvern closing the co-operative team behind the venture wanted to provide a new shop in the town that would be a focus for book lovers with book related events, reading groups and a coffee shop.
With new jobs created and a clear business plan, this start up loan application was a strong fit for Impetus. A loan of £10,000 was therefore agreed.
The difference made
This Impetus business loan enabled Malvern Book Co-operative to fit out the shop and cafe and purchase stock. Bookshops require a lot of high value stock and the loan enabled the store to open with an extensive range of up to date books. Most importantly it gave the business working capital and security.