Hampshire craft distillery and brewery Dancing Cows is increasing output of its spirits and beers, thanks to a £21,000 crowd-funded business loan from Go2 Business Loans.
The Lymington-based company – which produces a range of gins, malt liquors, rums and fruit brandies, as well as cask ales and bottled beers – has just won the Hampshire Life Best Drinks Product of the Year for 2016 for its Lymington Gin.
The funding was obtained through local Go2 Business Loans within just two weeks and will also enable Dancing Cows to expand and raise its brand image with improved packaging.
Director and founder Richard Baker said: “The loan process was easy and very fast – now we can get on with what we need to do without worrying about cashflow.
“We’ve been able to appoint a sales agent which is increasing our volume of sales through a growing list of wholesalers and sales outlets.
“We already supplies pubs, clubs, restaurants and hotels directly throughout the local area and we’re growing rapidly as consumers increasingly look for local products with interesting stories behind them.”
Go2 director Rob Bennet said: “It’s a very simple and fast process to apply for a loan. Go2 is a peer-to-peer lending network, so Dancing Cows’ loan was provided by various local small investors – local money supporting local business.
“It’s purely a business loan; investors are at minimal risk as they do not take shares or get involved in any other way.”
Richard Baker and his team started brewing in Lancashire in 2003 before selling the business to one of their customers and moving to Lymington in 2014.
The initial plan was to set up a gin distillery, but a trip to Lake Michigan reignited a passion for craft beer and gave the team new horizons on distilled spirits.
In early 2015, they set up the small-batch craft brewery and distillery with the aim of producing a range of beers and spirits with local provenance and a fresh, new view on brewing and distilling.
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Dancing Cows' Lymington Gin has been voted Best Drinks Product 2016 at The Hampshire Life Food & Drink Awards!