This month we have so far completed FOUR new business loans from four different lenders for our clients. These loans are common in structure in that they reflect the borrowers ability to repay / service the loan and remain unsecured to the client company. Loans from £35,000 to £150,000 with a total amount deployed of £404,000, with terms ranging from 1 year to 3 years. In all cases, the funds have been used to support working capital for sales and product growth, providing that injection of cash to improve buying power and complete the best possible terms with their suppliers. Interestingly, all four loans are from the new breed of P2P lenders in the ‘alternative finance’ and ‘fintech’ space. So all four loans have been completed within the last four weeks, the period from full application to completion and one in just three days.

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