Dragons Astonished by £30k Loan with 25p a Day Interest Rate | Dragons’ Den

Next into the Den are Natalie Balmond and co-director Weze Hannam, they're looking for £90,000 in return for 15% of Purepotion Skincare. Purepotions Skincare was founded after Natalie's daughter started to experience severe and debilitating eczema, but can the business duo prove their business acumen to the Dragons?

An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.

#DragonsDen #Balmonds #Loan

[achipinthesugar]

The important question is "Is 'Weze' short for 'Louise?'"

[JIKitty]

That consultant gave them 30k for an interest rate so low no bank would ever agree to it and they are not even thankful??

[connoroleary]

I have lent my bank 30k, I wish they would give me 25p a day.

[DickShlongJohnson]

They gave away 2, 000 units free of charge no strings attached in the blind hope of future business. That’s pitch ending idiocy.

[MaskedMono-oibg]

So basically an investor gave them 30k at only 90 quid interest per year and they threw that guy away like trash coz he didn't also go and be a salesman and marketer for them.

[Terry_Frost]

Peter is an amazing judge of character.

[atmicsheep]

They ditched the creditor because he wasn't bringing investors in.
Hold He WAS the investor, he gave them £30k

[harryrock]

Hilary is one of the nicest people & one of the best dragon. She makes entrepreneurs comfortable and gives great advice too whether she invests or not.

[MrWindermere]

They gave £26, 000 of free stock to Holland and Barrett for a 12-week trial that's about to end and with no guarantee of an order or a report on sales. They were too trusting - why not give £5000 and if it sells they get paid for the rest? If H and B reject that, try Superdrug or Boots. The dragons were right to doubt the acumen of this duo.

[SaveWesternCivilisation]

My wig is jet black, though I do have an inch of white hair visible around the edges. In my twenty years of wearing it I'm pretty sure nobody's noticed...

[randimoniumtime]

If I had a dollar for every cream that's come through the show, I'd be rich enough to be one of the dragons.

[eightyeightfiveoh]

Damn my Canadian ass was confused, I thought "25p" per day meant pounds per day, which is like 9K a year, expensive loan over 30 percent annually. I get it now though it's pence per day, 90 pounds a year. Where do I sign!

[partycrasher]

Fantastic product. It has really helped me with my eczema.

[michaellee]

Hillary’s damn shoulder pads make her look like Skeletor

[mann]

when you watch these stories it's great fun to look online and see if their product is still selling these did they got more money from someone else and seem to be doing very well, then you see if the dragons are right or have missed out.

[sorrenblitz]

Okay this is a subtle thing but I like that in their pitch they said "We would like your help" instead of the very common, "Please accept our invitation to be part of this exciting new opportunity!" It shows a little humility.

[moogleking]

Peter could read those ladies like a book and knew if he had invested it wasn't going to be a long term relationship

[tintomara]

She calls herself Weze, so on that basis, I'm out.

[Jasper-Holland]

25p per day is 91 pounds per year in interest. That is really low, I want a loan like that!

[memsybabe]

I'm guessing the 25p per day loan was a gullible ex-boyfriend. The reason they didn't stick with him, was he was dumped. They got his money, then done a runner...