Founded by Jason Marler and Joseph Mueller, PolySol manufactures a PVC liquid coating called plastisol which can be used in many applications including outdoor furniture, tool handle grips and carpet backing to name a few.

John Rodgers, managing director of Polysol UK, said: “This year, we put production in place to support 5-7 million lbs capacity of plastisol and in 2020 our focus will be to acquire new customers in the outdoor furniture market. One potential problem we faced was cash flow and having enough capital to balance the rapid growth was a major concern.

“After exploring various funding options, I approached Business Loans Scotland and approval for our loan application was granted. New companies tend to be subject to pro forma purchasing status, and cash upfront is a necessity throughout the setup phase.”

He added: “On 12th September 2019 our first production batches were dispatched from our Livingston facility, in what was the first of what I hope will be, one of many milestones in the history of Polysol UK. I would have no hesitation in recommending BLS to other companies looking to set up or indeed expand their operations. The funding from BLS was granted at an attractive rate and has therefore been invaluable in supporting our start-up operation in the UK.”

Andrew Dickson, fund manager of Business Loans Scotland, said: “The £75,000 invested in Polysol UK demonstrates our commitment to supporting small and medium-sized enterprises across Scotland with finance to start up and grow. With essential working capital now in place, I look forward to watching Polysol UK flourish and would encourage any other Scottish business looking for access to funding to visit the BLS website to see how we can help.”