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Squirrl.com to expand
The peer-to-business company Squirrl.com are looking at expanding their portfolio by offering loans to other companies. Currently Squirrl.com only arrange loans for The Danwood Group Ltd.
Here is their full statement:
Having looked at the feedback we have received from lenders and discussions with a variety of businesses we have made a few tweaks to the model we operated last year. We are busy meeting with new suppliers in a variety of industries and funding options, and working with them to develop what we believe are some very attractive opportunities for lenders, with loan terms from just 3 months to 5 years, good rates of return and all investment grade or equivalent in risk rating. We will contact you again with further details in the coming weeks.
Squirrl.com offer loans secured on assets and supply agreements, and to date have not experienced any late payments or defaults. We look forward to these changes with interest.