22nd Sep, 2014

rebuildingsociety’s Summer Drinks with Electric Star

On Wednesday 17th September, rebuildingsociety held an evening of drinks and canapés at The Star of Kings in London’s Kings Cross.

We were kindly hosted by Electric Star Ltd, a recent successful borrower. The Star of Kings is one of four pubs in the chain and we were delighted to be making good use of our client base. Rob Star, the owner, wanted to say thank-you to the people that have made the refurbishment of his most recent venture, The Jackdaw and Star in Homerton, possible. (more…)

22nd Sep, 2014

Scotland decides ‘we are better together’

Following the historic referendum result announced this morning, UBS has circulated the below reaction, which you may find informative.

The Scottish public has voted to remain part of United Kingdom, ending weeks of uncertainty.


18th Sep, 2014

Talking Compliance: Introducing Jay Tikam, our Compliance Consultant

We’re very busy at rebuildingsociety, we’ve received our authorisation submission deadline (of late November) from the FCA and we’re hard at work refining our systems and controls, marketing literature and other resources needed to operate a fully compliant financial services (FS) business.

Jay Tikam, our Compliance Consultant, came to Leeds last week to deliver training to everyone in the team on the transition we are making in becoming a small but important FS business.


15th Sep, 2014

Rebuildingsociety Joins Alternative Business Funding Portal

Peer-to-peer lending platform, rebuildingsociety, has joined the rapidly-expanding Alternative Business Funding (ABF) portal – to support SMEs requiring non-bank finance solutions.

Accounting for over 85% of the UK’s alternative business funding market, ABF continues to receive widespread backing from industry bodies including the British Banking Association, Federation of Small Businesses and the Institute of Chartered Accountants in England and Wales.

The latest supporter is the National Association of Commercial Finance Brokers which promotes the ABF’s aim to be the designated portal for bank referrals. Rebuildingsociety – which has a loan book of almost £4m, and has grown 250 per cent since 2013, becomes the portal’s twelth alternative funder.

Working closely with key government departments and stakeholders, ABF has played a lead role in the conception and delivery of The Treasury’s plans to introduce legislation whereby banks would match SMEs that have been rejected for loans, with alternative finance providers.


14th Sep, 2014

Dump your bank: Get 50% off refinancing fees

Many businesses don’t trust their bank, but don’t switch away from the bank because of the hassle and lack of options.

So, when a new business applies to borrow money, we’ll discount our arrangement fees by 50% when the business transfers the security taken by the bank to rebuildingsociety. This can be a debenture or security over assets. (more…)

10th Sep, 2014

Interest rates might rise in 2015, but who should be concerned?

After five years of record lows, Mark Carney seems to be preparing the UK for a rise in the early part of 2015. It’s an encouraging sign of health in the UK economy, particularly after the Bank of England’s governor identified inflation and unemployment as the barometers for making the change.

This suggests life is getting a bit easier for the vast majority of people in the UK – and the governor has been careful to faze this in slowly – there are many who are concerned about the impact of a rate rise on family and business finances and the wider recovery.

For businesses, the time to read the small print in bank loan agreements is now. Repayments or fees linked to interest rate movements could destabilise a business, so refinancing away from a bank facility now could save a nasty surprise when rates do go up.


04th Sep, 2014

Join rebuildingsociety at The MADE Festival 2014

On 24, 25 and 26 of September, rebuildingsociety will be exhibiting at the UK’s number one entrepreneur festival, MADE, at Sheffield City Hall.

Described as “Glastonbury for business” and “Edinburgh Festival for entrepreneurship”, MADE is the country’s biggest and most inspiring event for entrepreneurs.

Joining us there will be high profile speakers like Doug Richard and Levi Roots, as well as businesses like Crowdcube, Finance Yorkshire and the ICAEW Business Advice Service.

We’ll also be on the panel of Crowd Funding and other forms of funding – a debate hosted by Irwin Mitchell. That’s on the 25th September at 7.30-9am at Memorial Hall in Sheffield City Hall.

It’s a packed few days (see the schedule) – we hope you can make it along and say hello at our stand!

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