Alternative Business Lending

Santander in crowdfunding partnership

Santander has teamed up with Crowdfunder to launch a £200,000 fund to support social enterprises and community projects across the UK in a collaboration called Changemaker Fund.. This is the first time one of the UK’s largest banks has partnering with a crowdfunding platform. Community projects looking to support social change can present their ideas…

LendInvest posts annual results

http://www.cityam.com/250926/peer-peer-mortgage-lender-lendinvest-posts-133-per-cent

Ratesetter announces annual results

RateSetter has published its 2015-16 accounts, showing that it increased revenues from £12.6million to £18.5million over the year. The company made a pre-tax loss of £4.9million, compared to a pre-tax profit of £476k for the preceding year. The company’s results are in line with expectations set out at the start of the year and reflect…

BBA welcomes alternative lender associate member

The British Bankers’ Association (BBA) has added Just Loans Group to it’s associate membership. Just Loans becomes the first alternative commercial lender to join the association. Just Loans Group Chief Executive Officer John Davies said “I don’t believe that traditional banks and alternative lenders are in competition with each other as they share the common aim…

SME loan grading system launched

Peer to peer lender ThinCats has launched a new two-tiered grading system for all loans on the platform’s primary market. The new system will allow investors to quickly determine two key factors that determine the quality of a loan: credit quality and security quality. Credit quality, the ability of a company to service its loan obligations, will…

Hitachi Capital Invoice Finance adds to its Senior team

Andrew Ward has joined Hitachi Capital Invoice Finance as Senior Business Development Manager.  

The Association of Short Term Lenders (ASTL) has announced the date of its fourth annual conference to be held on the 22nd September 2016

The Financial Conduct Authority (FCA) shares thoughts on whether consumers would benefit

The Financial Conduct Authority (FCA) shares thoughts on whether consumers would benefit from further regulation of the peer-to-peer lending market with the Bank of England

InvestingZone merge with Acceleris

Growthdeck merge with Squareknot