ChloBo has secured the cash under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) from the Northern Powerhouse Investment Fund via MSIF Microfinance
Merseyside business loan and equity provider MSIF is backing a ‘bohemian’ jewellery brand to the tune of £75,000.
ChloBo has secured the cash under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) from the Northern Powerhouse Investment Fund via MSIF Microfinance. CBILS was designed to help firms through the COVID-19 crisis.
From its headquarters in Chester Business Park, ChloBo was founded as the original ‘stacking’ brand of jewellery. All pieces are curated and designed in the UK and are made from a mix of metals including solid sterling silver and rose gold and gold-plated versions.
Trading both independently online, and through a network of more than 200 retail partners, ChloBo has gained a growing following since its launch in 2011. The loan will help it prove job security and support the launch of its first fragrance, Happy Soul.
Dave Rosalski, chief executive of ChloBo, said: “This is the second time we have worked with MSIF for funding. They have developed a very good knowledge of our business which helps them fully understand our needs and to support us. It has been easy and straight forward working with the MSIF team again.”
Jim Moore, MSIF investment manager, added: “It has been a pleasure to work again with the team at ChloBo. They have a strong product and brand presence which continues to grow year-on-year. MSIF are pleased to be able to support the team with additional working capital to help navigate through the challenges of this year.”