Onramp Funds
11 Case Studies
A Onramp Funds Case Study
Grooming Lounge, a pioneer in men's grooming products and services, sought funding to support a major strategic shift towards developing its own product line and enhancing its online marketing. The required upfront investment for sampling, sourcing, and manufacturing, coupled with the need to manage cash flow for inventory, led them to seek a financing solution from vendor Onramp Funds, opting for their revenue-based financing product.
The solution implemented by Onramp Funds provided Grooming Lounge with flexible capital that was used for inventory, marketing, and product development. The results were significant, with the business achieving a 16% growth in the first month and a 28% growth within the first four months of utilizing the funding. Onramp's hassle-free process and direct account manager support gave the company peace of mind and allowed it to thrive.