Belfast skin clinic reports growth thanks to business loan support
A BELFAST skin clinic that works with some of America's largest cosmetic brands has grown turnover by over a quarter thanks to a business loan.
Beyond Skin Clinic on College Street has increased capacity and revenues by 27 per cent to £200,000 thanks to financial support, which directly led to the purchase of a new medical grade laser.
The £25,000 loan from the Northern Ireland Small Business Loan Fund (NISBLF) has also led to the creation of two new jobs at the clinic.
The NISBLF is managed by Ulster Community Finance (UCF) on behalf of Invest Northern Ireland and delivered in partnership with Enterprise Northern Ireland. UCF is a subsidiary of the social finance organisation Ulster Community Investment Trust (UCIT).
Jennie Wallace, managing director of Beyond Skin Clinic explained how the loan has supported the growth of the business.
“The funding from the Small Business Loan Fund has allowed us to purchase an additional Cynosure medical grade laser, and invest in staff training. As a result we've expanded our treatment range, increased capacity and reduced waiting time for appointments," she said.
Harry McDaid, CEO of UCIT added:
“Beyond Skin Clinic is a good example of a small business with great potential. The importance of maintaining healthy skin has been well documented and we're delighted to be able to provide necessary funding to a business that has much to offer in the local area.”
Beyond Skin Clinic was set up in 2016 and employs seven people at its Belfast base. The business offers a range of treatments including hair removal, laser skin rejuvenation, microneedling and non-surgical cosmetic enhancements.
It also works with several leading cosmeceutical brands such as Dermaquest, Obagi, Skinceuticals and Epionce.
The NI Small Business Loan Fund provides loans up to £100,000 to small businesses, sole traders and partnerships keen to develop their business.