Assetz Capital surpasses £700m lending mark
By Martin GreenlandAssetz Capital has now lent over £700m to SMEs and property developers since launching in 2013
Section: P2P
The P2P lending platform has enjoyed significant progression, providing over £200m of funding in the eight months since it surpassed the £500m lending milestone in June 2018.
“In recent years, P2P finance has become more popular with UK SMEs, acting as a viable alternative to bank loans,” said Stuart Law, chief executive at Assetz Capital (pictured above).
“The flexibility of our products has been recognised by both businesses and their intermediaries, which has led to the remarkable growth we’ve achieved in the last eight months.
“While this is an impressive milestone, there is still plenty of capital to invest.
“We’re constantly looking to develop our product range to match the changing needs of business owners, and we will remain committed to serving ambitious SMEs and property developers that struggle to obtain funding through traditional means.”
Earlier this month, Assetz Capital appointed two regional directors as it looked to further expand its lending in Scotland.
Keywords: Specialist finance, specialist lender, commercial finance, P2P finance, Assetz Capital, SME finance, P2P lending platform, Stuart Law, Assetz Capital, P2P investment platform, P2P investors, UK SMEs