In April we funded another five businesses with funds totalling £187,000 advanced. We’re looking forward to catching up with these businesses a few months down the line to find out how the loan has made a difference to the business.
Loan size was smaller than the average throughout 2014, but the total loans and number of new lenders was broadly in line with the monthly average.
May is already set to be a bumper month though, with £330,000 worth of loans either completed or 100% funded. We’re hoping to beat February’s £550,000, which was our strongest month so far.
Don’t forget, one of these loans will be interest-free too! We’re running our competition throughout May, so feel free to tell any businesses you think should apply. If you introduce a successful borrower to us, we’ll pay you a fee of 0.5% of the loan value.
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