Dlb cycles, aka Dublin Loves Bikes, is the latest Dublin bicycle business is looking to crowdfunding financing to grow their business.
The company wants to add a highstreet shop in the Crumlin area to their online and distribution business. The Crumlin-Kimmage area was recorded as having the second highest number of commuters cycling in the 2011 Census — the area’s modal share of just under 10% is only topped by Pembroke-Rathmines at 12.25%.
The move to use crowd finance loans follows businesses such as the Dutch Bicycle Shop and Greenaer using crowdfunding loans. The loans are seens as better value and more accessible than using banks.
The company has currently secured €11,960 of the €15,000 they are seeking, with four days to go. The project budget includes rent for 3 months, furniture, showroom fitout and a customers shower.