Assetz Capital makes £525m available to SMEs
By Tom BelgerAssetz Capital has secured more than half-a-billion pounds of funding for SMEs.
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Assetz Capital has secured more than half-a-billion pounds of funding for SMEs.
The peer-to-peer alternative finance platform said it is making £525m available to growing businesses and property developers as it looks to provide additional funding for SMEs throughout 2016.
The funding includes £325m from two funds and £200m from retail investors and is in addition to Assetz Capital’s retail investor base of 11,000 individuals.
Stuart Law, CEO, said traditional funding lines for SMEs had been either blocked or significantly hampered.
“Having more reliable sources to apply to and gain funding is fundamental to not only an individual SME’s success, but the future of the British economy,” said Stuart.
“Through collaboration, we are now an important cog in driving the UK economy forward.
Since it was established in March 2013, Assetz Capital has provided more than 220 loans totalling almost £100m.
Stuart said it is essential to have a great product for borrowers and investors when demand on the borrowing side is so strong.
“Having the funding in place by working with a number of outside funding sources greatly increases borrower demand,” added Stuart.
“The retail crowd then also benefits, and we will always ensure the retail investor get their fair share of loans, on the safest terms we can deliver.
“All parties can win – which is the true essence of peer-to-peer lending. Continued growth will benefit both UK SMEs and investors.”
Keywords: Assetz Capital, Peer to Peer, SME, Loans, Business finance, Lending, P2P lending, Property developers, Business