Strongbox Computers launches new IT product successfully for the second time, with the help of JD Capital Finance

Where it all began

Strongbox Computers was established in 2014 by driven IT professionals, such as Technical Director Brian Gannon, with a special vision in mind - to be one of the most sought after computing companies for IT hardware and software solutions. 

‘We manufacture powerful computing machines and hardware, and we aim to produce fast and reliable computers able to process a lot of data. Our clients mainly work in the media and film industry. This is because the film and TV production industry need storage systems able to process large amounts of data as well as have the power to perform exceptionally. Our company has the capacity and confidence to deliver a product tailored to our clients’ exact needs. We pride ourselves in providing a personal and the best customer service to our clients’, said Ieva Zaromskyte, Operations Director at Strongbox Computers.

What were the challenges?

During the uncertainty after the first lockdown the Strongbox team continued to refine and finish their new product – the Strongbox1 – and prepare it for launch. Seeing the potential benefits of a capital injection to help finish the project and ready it for launch, the Strongbox team were receptive to JD Capital Finance’s offer of assistance in sourcing government-backed finance to help the project.   

‘Before Covid, we were able to launch and finance products ourselves but because uncertainty has been prominent post-Covid, we wanted to ensure we had enough capital behind us to launch our new product successfully’.  

Jamie at JD Capital Finance came up with various possible solutions and they were considered by the team.

The solution 

JD Capital Finance assisted Strongbox Computers for the second time for this new product launch, classifying Strongbox Computers a repeat customer.  

JD Capital Finance granted a Recovery Loan Scheme ‘which allowed the customer to borrow £49,000 through an unsecured business loan with no Personal Guarantee’, said Perry Osborne, Finance Consultant at JD Capital Finance. 

The deal was completed within three days - from application to offer - and the loan was paid out on the same day the client signed the contract. 

What impact has the business loan had on Strongbox Computers.

‘Perry Osborne was our Account Manager, and we were extremely satisfied with JD Capital Finance’s customer service. Their assistance was clear and the process effortless. From the first few conversations we realised that the team at JD Capital Finance have a can-do attitude and did all the hard work for us. This was the main reason for us returning to them.’, said Ieva Zaromskyte. 

‘The effects of the funding are not fully processed yet, as the launch is still an ongoing process for us. Launching a new product in the IT industry is never a straightforward process as there are a lot of people involved, from the manufacturing stage to marketing. But what we’ve managed to achieve so far is to successfully launch the product to our loyal clients and to a small community. We value the reviews and feedback for our new products, in order to make the necessary improvements before officially launching into the wider community. Part of the funding from JD Capital Finance was used as necessary investment for testing the product first, and now we’re preparing the official launch to the wider community since it was a success.’

To summarise, the funding has allowed Strongbox Computers to invest into new products, test them, and consequently boost organic growth post Covid. 

Get the funding that your business needs too with JD Capital Finance. Get in touch with us today.