Small Business Loans

on the rebuildingsociety.com blog

26th Feb, 2016

Concept Automotive is in the Fast Lane to Growth

Popular automotive leasing company Concept has come to rebuildingsociety.com to pursue its next round of growth and improvements.

Paul Bulloch launched this venture 12 years ago because he was ready to step out on his own after many years as a businessman. As his business continues to grow, he proves the automotive industry is in his blood.
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01st Feb, 2016

Packing Company Hopes to Wrap up Their Marketing with a P2P Loan

Hull Boxes & Packaging has been in operations for 2.5 years and its director Richard Britton hopes a successful loan application at rebuildingsociety.com will help the company seize a growth opportunity with a new marketing campaign.

Hull is a family owned and independent business, and Britton says his friendly and hard-working personality shines through in the ethics of the company. He grew up in the packaging industry and is dedicated to providing a positive customer experience.
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20th Jan, 2016

Finance firm Seeks New Income Stream

An exciting new application from One Stop Business Finance Limited breaks new ground for the company and for the rebuildingsociety platform.

OSBF is a business finance brokerage that primarily provides loans to those who have been refused credit by banks. They tailor financial solutions to each client’s needs and plan to add this loan from rebuildingsociety to a robust portfolio of loans from High Net Worth Individuals that maintain the cashflow of the business’s own book lending.

In the 18 months since incorporating, no client has defaulted on a loan from OSBF. Though this loan doesn’t have a personal guarantee (more on that in the profile), managing director Andrew Mackenzie is confident that he has a secure loan on offer. Alongside the security OSBF holds through its loan book, it is also offering a first ranking holding company debenture.

“To date we have lent £1,048k over eleven transactions with all loans fully secured by company debenture and directors personal guarantee as a minimum. Our financial projections for the current financial year show sales of £250k with a PBT of £51k. As this sales value is 73% covered with current order book (with six months to go) it is considered prudent. Next year turnover will increase to £410k and profit to £89k. It goes without saying, therefore, that this first rebuildingsociety loan is fully serviced from business cash flow.”

A Responsible Model

“Our model seeks to be entirely responsible in our lending, is client focused, thinks long term and as one client said ‘provides the customer service the banks say they will.'”

Lenders have transactions that last as few as six weeks and can take out loans for a maximum of 18 months. Every loan is secured by debenture and director’s personal guarantee and includes flexible terms that match the needs of each client.

This bespoke approach ensures that each investor is getting a strong return on their investment through OSBF.

A Unique Partnership

OSBF chose to work with rebuildingsociety in order to drive down borrowing costs in the long term, and in the short term it will allow them to expand the types of investors who can access their services to include more than just HNWs. A diversified income stream reduces risk to lenders and borrowers. And, for OSBF, P2P offers a chance to break new ground in the corporate short term lending world. Mackenzie believes OSBF is the first company of its kind to work with a peer-to-peer lender.

The relationship between OSBF and rebs comes naturally, as they are local to each other.

“When we first met Rebuilding Society last April we were very impressed. There are many similarities in our business philosophies. It seems a very comfortable and obvious business relationship.”

Please review One Stop Business Finance application page for more information and a robust community discussion.


12th Feb, 2015

Five reasons for getting a business loan through rebuildingsociety

We know we’re new. We’re also in a new industry and things are done a little differently to other finance providers.

Nick Newton and Rick Hyland are on hand to guide you through the process

But we still believe we’ve got a great product that is suitable for businesses of all sizes, sectors and locations across the UK. Here are some of our best features:

1. We’ll listen to you and guide you through the application process. Our business development team (Rick Hyland and Nick Newton) will be on hand to take your calls and emails to keep you posted on progress, while our underwriting and legal team will work hard to get you through the loan preparation and completion stage with minimal fuss. After all, you’ve got a business to run.

2. We’ll be realistic about your progress. If we don’t think we can help you this time round, we’ll tell you ASAP. But we’ll try to point you to places that can help as that’s part of our ethos of building lasting relationships. When we can help you in the future, it would be great to do so.

3. We’ll tell your story. When you’re looking to tell potential investors about your company history to help them gauge whether to lend to you, we’re on hand to write features about the business to get your character across. Similarly, when it finishes and you’ve got a good news story about securing a loan for growth, we’ll help you write that and distribute it.

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28th Jan, 2015

Business Confidence at a Three-Year High – Now is the Time to Capitalise

As the first month of 2015 draws to a close, UK businesses are increasingly optimistic about the year ahead. A handful of surveys have pointed towards confidence in the British economy stemming from improving labour markets and falling inflation, indicative of a positive economic outlook. Here’s a summary of why business owners should look favourably on 2015 and gear up for growth.

Increasing sales and profits

A poll by accountancy group Grant Thornton revealed the UK was one of the most optimistic economies in the final quarter of 2014, with 68 percent of executives admitting confidence for the coming year. A survey of 1,500 businesses by Lloyds Banking Group reported that 43 percent of companies expect an increase in sales, orders and profits in the first half of 2015. Confidence has been reinforced by news that the UK’s economy grew by 2.6 percent in 2014, the fastest pace since 2007.  (more…)


29th Dec, 2014

2015: a Groundbreaking Year for SME Funding

2014 has been a good year for the alternative finance industry. It has helped thousands of businesses access finance in a transparent way that connects them with hundreds of potential stakeholders. With the £2bn lent mark smashed back in the autumn, 2015 promises to be a year of greater choice and volume for SME finance and here are a few reasons why:

  • Election year should mean there is greater political pressure on lenders to prioritise business lending. It has always been a popular message, and while the Coalition can point to its record of supporting AltFi, Labour may have to promise more support to win votes.
  • Banks will be forced to refer customers to alternative lenders. The finer details of this are being worked out now, including the dominant referral website, but it will give SMEs useful signposting when looking for funding and raise the profile of online lenders.
  • More businesses are utilising cloud accounting. This allows lenders to plug in to their accounts and make a better judgement of the business’ ability to repay finance, making them more attractive to lenders. We wholeheartedly support this modern way of operating!
  • General awareness of alternative finance is only going to increase. The influx of ISA cash at some point in 2015 will lead to a new wave of media interest, while platforms are increasingly attracting venture capital investment which will manifest into more consumer marketing, predominantly on the TV, transport network and online. There will be no escaping AltFi in 2015…
  • The entrepreneurial spirit of alternative finance means new niches will be tapped. Where businesses might previously have been ruled out because of poor credit, a lack of track record or through operating in an undesirable sector, it is inevitable that some platforms will cater for this market with lenders happy to take on the risk in return for a higher yield.

It’s also a fantastic time to get a loan through rebuildingsociety’s ever-increasing lending community. Start your application now


03rd Dec, 2014

Autumn Statement: Business stands to win

There was a positive response from the business industry to the Chancellor’s Autumn Statement. Chiefly, the promise to look at the unpopular business rate system chimed with business owners and commentators, including the FSB.

“The FSB is delighted to see the double small business rate relief remain for another year and a full review of the outdated business rates system, something we’ve long argued for,” says its chairman John Allan.

National Insurance is set to be abolished for apprentices too. Mr Osborne said: “When a business is giving a young person a chance in life we’re going to support them not tax them.” In order to avoid the 50%+ youth unemployment rates in other countries across Europe, this feels like a sensible step. More could probably be done to align the education system to the future needs of the economy though, in industries like digital.

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28th May, 2014

Recruitment On The Up

Record numbers of English small manufacturers are looking to take on staff as recruitment confidence hits a three-year high.

More than half of firms (54%) questioned by the Manufacturing Advisory Service’s Barometer are looking to create new jobs – a 14% increase on the same period last year. This is the highest level of recruitment confidence since the report began three years ago.

The figures are reinforced by sales growth stats – 61% of firms reported an increase in the previous six months and 73% expect to win more work between now and October – a 14% and 9% rise respectively from March 2013.

Responses also reveal a record appetite for investment in new plant and machinery (59%) and in developing new technologies (52%).

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04th Apr, 2014

£30k INTEREST FREE LOAN WIN FOR HIPPO PRINT

Hippoprint.co.uk, the next-day delivery online printing company, is looking forward to a period of growth after winning a £30,000 interest free loan through rebuildingsociety.com.

done

Owners Anthony Wood and David Hanson entered a competition on rebuildingsociety.com to become the ‘most popular’ loan with rebuildingsociety’s lenders throughout the course of March 2014.

Hippoprint.co.uk is looking to expand and the £30,000 will be used to fund a sales and marketing campaign. The company plans to add a number of new products and services to its flagship guaranteed next day delivery service and will be using various PR and marketing techniques,  to raise awareness of its services locally and nationally.

Anthony Wood commented: “Even if the competition hadn’t existed, we would have chosen to borrow from a peer to business lending platform, despite the fact we could get a loan from our bank.  We liked the concept of winning an engaged audience and giving people that know us a financial return ahead of an institution.  (more…)


03rd Apr, 2014

£30,000 Interest-Free Loan Win For Big Hippo

Hippoprint.co.uk, the next-day delivery online printing company, is looking forward to a period of growth after winning a £30,000 interest free loan through peer-to-business lending platform, rebuildingsociety.com.

Owners Anthony Wood and David Hanson entered a competition on rebuildingsociety.com to become the ‘most popular’ loan with rebuildingsociety’s lenders throughout the course of March.

On rebuildingsociety, individual lenders bid to lend businesses money, which is then repaid in monthly capital and interest repayments on completion of the loan.  Bids are ranked according to the lowest percentage offered by the lender, so the more bids a loan attracts, the lower the overall interest rate repaid by the business.

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