Mous Products, an award-winning designer, manufacturer, and online retailer of technology accessories, has secured a £1.7m Coronavirus Business Interruption Loan (CBILS) from HSBC UK to support the expansion of its product portfolio and facilitate its future international expansion plans.
Headquartered in East London, Mous Products has used the funding to assist with the roll-out of its recently launched, highly advanced protective case for the new iPhone 12.
Mous Products specialises in the design and manufacture of a wide range of technology accessories for mobile phones, tablets and headphones. The business manufactures its products in China and develops its own technology in the UK, before retailing and shipping its devices to over 170 countries worldwide.
Gina Sartor, Finance Director of Mous Products, said: “The emotional and practical value of technology has never been greater. As an innovator in the industry, it’s our responsibility to protect the technology that helps to enhance people’s connection to each other, and thanks to the support from our Relationship Director at HSBC UK, Nicolae Stan, we are well positioned to achieve this.”
Victoria Ritchie, Head of Commercial Banking in London City, HSBC UK, added: “Despite being faced with production challenges as a result of the pandemic, Mous Products has been able to continue to develop and expand its product portfolio. HSBC UK was pleased to offer a CBILS loan to support the roll-out of new product lines and international growth plans.”