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ReBuildingSociety arranges first loans
The peer-to-business company ReBuildingSociety have successfully arranged their first two loans for £55k with lenders rates ranging from 6% to 15% per annum.
Daniel Rajkumar, the founder of ReBuildingSociety stated:
We’re delighted to have facilitated these two loans. Our proposition is simple – through our platform we connect profitable businesses that want a loan with individuals who want to earn a good rate of return on their capital by lending as part of a crowd.
Borrowers are UK businesses of all sizes. Their biggest barrier to growth is finance, but with alternative sources like rebuildingsociety.com emerging, there is no reason why well-run businesses should have their growth plans curbed.
ReBuildingSociety currently has six businesses looking for funds at the moment, with requests totalling nearly £250,000. Lenders on other sites looking for better rates should not overlook ReBuildingSociety.