29th Mar, 2016

Elite Training is aiming for the next level

Elite Training Assessing & Development provides teachers with training and qualifications on a flexible schedule. This company has brought first-rate training to future teachers in Wigan and Manchester. With a £50,000 loan from the rebuildingsociety community, Elite hopes to improve cashflow to hire additional staff and soon move to new premises. (more…)


18th Mar, 2016

Creative Building Maintenance is Growing — and They Need Your Help!

In more than two decades working in the office fit-out industry, Antony Neilson noticed a trend: clients would have to work with numerous contractors to get their entire office designed, outfitted and ready to go.

So in 2013 he created Creative Construction Group to be a one stop shop for businesses seeking new or renovated office space. Creative does everything from design the space, find the chairs and install the electricity. Today, listed as Creative Building Maintenance, the company seeks a loan of £70,000 in order to improve their cashflow, refinance existing debt, and invest in marketing.

A One-Stop Shop

Neilson strives to make it easy for companies to get their entire project off the ground with one contract.

“For 25 years, I’ve worked for the office fit-out type companies and building companies, and I put that all under one roof. That enables us to build a building, fit it out, and give the keys back to the client at the end. The majority of our trades are in house staff as opposed to sub-contractors. We do it all.”

This means more efficient schedules, better prices and happier, less-stressed clients.

The company aims to grow further and take on more facilities management work, which would mean consistent cashflow from longterm contracts. That’s one reason Creative needs a more robust marketing strategy so they can attract clients to this new aspect of the business.

A Solid Business Base

Creative is offering a personal guarantee with personal guarantee insurance as well as an all assets debenture to secure this loan. And, Neilson says he hopes the company’s strong financial prospects will help lenders feel safe in pursuing the opportunity.

“We’re looking to report our best year yet at the end of July from an accounts point of view. We have a good, solid business base. Along side that, I have the personal expertise of 25 years. I’ve personally said I would guarantee the loan as well. I’m willing to put my neck on the line to get to where I need to get to.”

And they’re headed, in part, to increased turnover that will strengthen the business overall. Neilson has a strategy to £1.8 million this year, £5 million by 2018, and £12 million by 2020.

Learn more about this loan opportunity on the application and discussion.


14th Mar, 2016

P2P Weekly: Growing Innovation

“UK Government Report: Innovation Growing as Officials Push to Make UK Best Country in Europe to Start a Company,” via Crowdfund Insider

According to UK government data, 53 percent of small businesses are pursing new products and services. Business Secetary Sajid Javid said: “From new disruptive business models to driverless cars, innovation can not only revolutionise the way we live our lives, it can bring real opportunities for businesses to tap into and grow. That is why we are determined to make the UK the best place in Europe to innovate and start a company…these figures show that businesses throughout the UK are already leading the way, delivering exciting opportunities across the nation. The number of companies innovating and coming up with new, dynamic ideas is on the rise – up 8 percentage points between 2012 and 2014, with over half of businesses now developing new products and services, some with the potential to revolutionise their industries.”

“CFPB Now Accepting Complaints on Consumer Loans from Online Marketplace Lender,” via the Consumer Financial Protection Bureau

After months of mostly quiet talk about further regulating the alternative lending market in the U.S., the Consumer Financial Protection Bureau is officially accepting complaints from consumers who encounter problems with online marketplace lenders. You can read the bureau’s statement above.

“Real-Time P2P Payment Platform Early Warning Live on BoA,” via Crowdfund Insider

Bank of America, one of the largest financial institutions in the U.S., will now process real-time P2P transactions through Early Warning’s clearXchange network. BoA joins numerous other banks, including JP Morgan Chase and Capital One, that use the network.


11th Mar, 2016

Fintech North Spotlights Alternative Finance in North England

Mark your calendars for the 27th of April for an event that highlights the bursting alternative finance sector in the north of England.

Fintech North will be a packed day of events and speakers so alternative finance experts and rookies can learn, share their stories and network.

Rebuildingsociety and White Label Crowdfunding are organizing Fintech North as part of the Leeds Digital Festival. Featured speakers will include rebuildingsociety Managing Director Daniel Rajkumar and Tom Cheesewright, who created the Applied Futurist’s Toolkit. The day of programming will also include an innovation showcase chaired by Disrupts Magazine & The FinTech Times.

This event is one of the showcase events of the Leeds Digital Festival, which further highlights the prestige of p2p lending and crowdfunding in the digital and alternative marketplaces. We look forward to bringing the best minds in our industry together for this occasion, and we hope to see you there.

You can register for this free event and get more details here.

Agenda
09:00 – Registration, breakfast buffet & networking
10:00 – Opening address & 3 keynote presentations
12:00 – Q&A Panel
13:00 – Networking lunch
14:00 – Innovation Showcase – chaired by Disrupts Magazine & The FinTech Times
15.00 – Break
16:30 – End Keynote
17:00 – Drinks reception

Location: A Q L – 11-15 Hunslet Road, Leeds LS10 1JQ, United Kingdom


10th Mar, 2016

Your Loan Updates Are Now More Streamlined and Accessible

You asked, and we listened. We’ve rolled out new features that make it easy for you to get updates about loans you’re active on via your dashboard and throughout the site.

This is part of a broader strategy to improve the updates and communications our lenders receive about loans pre-completion, post-completion, and on the unfortunate occasion that they fall into arrears. This new feature will improve access to updates on loans you have bid on as well as completion and repayment information.

Information about the status of loans you’ve participated in is now available right on your user dashboard through the Loan Updates Tab, making it easy to see when there’s new activity on a loan that you should know about – including info on how we’re recovering any late payments:

You can also see these Updates on individual loan profiles under a separate Loan Updates tab – making it easier for you to distinguish between in-depth discussions and vital information pertaining to a loan’s progress:

We’re delighted to bring these improvements to your lender experience, and – as always – if you have any feedback, please email support@rebuildingsociety.com


10th Mar, 2016

Crowdfunding and P2P are Booming in the UK, Nesta Report Confirms

Alternative finance claimed 12 percent of small business lending in 2015, a sizable share of a rapidly changing market.

That’s according to a report titled ‘Pushing Boundaries’ by Nesta in collaboration with the University of Cambridge. This report is part of an annual series from the institutions that analyzes the alternative finance industry, including P2P lending and crowdfunding. Another key takeaway is that the sector grew 84 percent in 2015 and facilited £3.2 billion in loans, investments and donations — nearly doubling over 2014. More than 1 million people invested via online platforms in 2015, and 254,721 individuals, projects, not-for- profits and businesses raised finance via online alternative finance models.

And that rapid growth seems poised to continue, especially as banks and other financial institutions get in on the action. Institutions are increasing their stake in alternative finance, as Nesta’s report demonstrates.

And, institutional investors are taking the online marketplace more seriously. About 45 percent of all platforms reported institutional involvement. Donation-based and equity-based crowdfunding grew exponentially in 2015.

Of the total market, peer-to-peer business lending comprises £1.49 billion, almost doubling the amount lent in 2014. £881 million of that is in non-real estate lending projects, like rebuildingsociety.com. The peer-to-peer business market experienced an increase in automated lending and in secured loans.

The report projects that the alternative finance sector will grow to more than £5 billion in 2016.

“With increasing public and business awareness and the introduction of the Innovative Finance ISA, opportunities are abundant for the alternative finance industry in 2016 as well as challenges. From the peer-to-peer lending side, the challenges for 2016 are likely to be deal origination, credit risk modelling and underwriting. For equity-based crowdfunding, the challenges are not too dissimilar. The focus is likely to be on deal flow, due diligence and dealing with business failures as much as successes.”

Nesta’s report concisely demonstrates the sharp growth of various sectors of the alternative finance sector. As these industries continue to grow, we’re thankful for institutions like Nesta that keep tabs on industry growth and trends so we can make the rebuildingsociety community even better.


07th Mar, 2016

P2P Weekly: The latest on China, and other news

“China jails 24 after 230,000 investors defrauded,” via Financial Times

Perpetrators of a massive scam that robbed primarily retail investors of $1.5 billion have received jail time. The Guangdong Bangjia Leasing Co. has spurred concerns about the limited regulation of China’s online lending industry — recently, P2P lender Ezubao was embroiled in scandal when 21 of its officials were arrested for fraud.

“Chinese Peer to Peer Lending Industry Does Not Need More Rules,” via Crowdfund Insider

Enforcing existing laws is more likely to solve China’s fraud problem than adding new ones, says one expert. Spencer Li says: “There are sufficient laws and policies currently in place that allow the government to investigate and prosecute fraud cases such as Ezubao, but the lack of vigilant enforcement is the reason similar schemes continue to operate.”

“‘I’m happy to accept a higher risk for a higher return’: How peer-to-peer Isas lend edge to investing,” via This Is Money

A comprehensive look at the forthcoming Innovative Finance ISA and how it will benefit lenders plugged into the P2P market.

Dynamic Pricing in Alternative and P2P Lending” via The Financial Brand

“Our prediction is that alt lenders will start to offer new, non-lending products. If so, then the door to dynamic pricing swings ever wider and we will see bundled offerings that can be relationship priced.”


02nd Mar, 2016

Learning Spaces Brings Innovation Back to Classrooms

The consultants at Learning Spaces provide innovative education design solutions to private and state schools in the UK focusing particularly on IT learning centres and libraries to help advance literacy and educational achievement. Director of Design Services Sam Stevens is enthusiastic about exciting opportunities in marrying of education and design, and with the help of rebuildingsociety he hopes to bring that vision to more schools in 2016.

A moment of inspiration

Stevens has always been passionate about art and design, but after university he went into tech sales. When he was installing a new suite of PCs in a school’s drab classroom space, he was struck by an idea. He offered to design and commission desks and other design elements that would enhance the educational effectiveness of the space. A passion for education design was born, and after trying some ideas for another firm, he started his own project.

“We strive really to bring the very best out of teaching and learning across the UK. There are certain aspects of teaching that are failing because kids are bored. We bring ‘the wow factor’ to the projects we do.”

Whether it’s installing new desks and chairs or designing an entire wing of a school, Learning Spaces does it all. They do workshops with kids, teachers and administrators to generate ideas for the spaces they create.

“But we always include some wild and wonderful things the schools hadn’t considered themselves.”

Financing growth

With a successful application for £50,000 from the rebuildingsociety community, Learning Spaces will pursue a few different goals, including refinancing existing debt, attending a trade show that consistently brings in new clients, and purchase much needed equipment. A broker at Fasttrack Finance brought Learning Spaces to rebuildingsociety, and it is Stevens’s first experience with peer-to-peer lending.

Stevens hopes to inspire confidence in potential rebuildingsociety lenders when they learn about the longterm success of his business and his ongoing strategy for growth.

Learning Spaces “has a solid business model with a Public client base which ensures no issues with bad debts. The company will generate in excess of £550,000 in revenue with £100,000 in net profit in the forthcoming year alone and is therefore a safe and secure business.”

Learn more about this business in its application and discussion board.


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