Category: Funding

If peer-to-peer lenders lack anything, it is not ambition

Finance, Funding

You cannot accuse alternative lenders of lacking ambition. Samir Desai, co-founder and chief executive of Funding Circle, Britain’s largest peer-to-peer lender, says that his business, which has arranged $2.7 billion of loans to small companies, could be lending at least $100 billion within a decade. Peter Behrens, co-founder of...

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Funding targeted for Plymouth’s historic buildings

Finance, Funding

A number of Plymouth’s historic buildings could benefit from funding and protection under a new initiative. Plymouth City Council has applied Historic England to create a new ‘Heritage Action Zone’ covering Devonport and St Peter and the Waterfront, over five years. The project could unlock thousands of pounds to...

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A growing demand for refurbishment bridging loans

Finance, Funding

It was interesting to read the latest industry analysis suggesting that demand in bridging finance is soaring. Encouraging figures were published just last week by the Association of Short Term Lenders (ASTL) showing that bridging lending for the 12 months to June passed the £3bn mark for the first time, up...

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Steel Fabrication Firm launches after UKSE Funding

Finance, Funding

A powder-coating and fabrications specialist has founded his own steel fabrication business in Rotherham after receiving £40,000 funding from UK Steel Enterprise (UKSE). Greg Marsland established PCF Works in May 2017 to satisfy demand for the services in the area, following the closure of a number of firms. Since...

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ThinCats provides £2.4m loan to music academy

Finance, Funding

The Academy of Contemporary Music (ACM) has secured a funding package worth £2.4m from alternative lender ThinCats. The owner of the ACM will be using the funds to expand the business further following a surge in student numbers. Discussions are already underway to secure a third site to help...

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