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.
Ollie Phillips began investing with rebuildingsociety.com in Spring 2020, using his annual ISA allowance to lend to his property company, Spod Properties Limited. Phillips is the most successful England Rugby Sevens captain of all time,...
The secondary marketplace has enjoyed a sustained level of buoyancy since the introduction of the BuyBack Guarantee. The months of September, October and November 2019 have seen the highest levels of trading between investors since...
This summer, the rebuildingsociety team launched, created a major innovation in P2P lending, the Peer-to-Peer Lending Buyback Guarantee (BBG). It allows a primary lender to act as guarantor to microloans they sell onto secondary lenders,...
Here at rebuildingsociety.com our ethos has always been to foster greater connection between lenders and borrowers and add value to the businesses raising finance through the platform. We encourage lenders to engage with the businesses...
