Teamwear Ireland secured a £50,000 loan from the Northern Ireland Small Business Loan Fund in 2013. The company received a further £27,000 from the Fund to support future growth.
Teamwear Ireland was started in 2010 to supply branded sports clothing and equipment. Increased production and need for storage has seen the company expand its facilities at Stockmans Way from 2,800 sq. ft. to 4,500 sq. ft. The business is now exporting its products globally.
John Anderson, Owner of Teamwear Ireland said:
The original loan from the Northern Ireland Small Business Loan Fund allowed us to invest in two new embroidery machines to produce high-end sportswear. This was a service we outsourced previously but now we have the technology to provide it in house. As a result we have been able to offer customers a complete one stop customisation of their product.
Since then we have taken on a further 10 staff, expanded our existing premises in Belfast and tripled our market share in RoI. We have sales reps right across Ireland and we have also expanded our distribution channels right around the world.
We are in the process of implementing a unique new software system that will significantly improve our internal processes & make our workflow faster and more efficient. This will further improve our service levels to customers and with the further addition of a customer portal, Teamwear Ireland will only strengthen our position as the leader in our market.
Our growth is underpinned by the support we have received from the Fund. When we approached them for a second loan they were very happy to help. They have always supported our vision for the business and see the potential for us to be one of the leading sportswear providers in the world.”
Business Start Up Cost
Expansion or Growth Finance
New Product or Market Development
New Asset Purchases