uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.

Sancus Limited Lends £2.5 Million in First Month

By Ryan Weeks on 12th February 2014


Sancus Limited, the Jersey-based p2p lender that specializes in working with local entrepreneurs and businesses, has completed its first loan of £2.5 million.


The loan was for a local entrepreneur who wished to effect a shareholder restructuring under a high-pressure deadline of just two weeks. Sancus arranged for security to be taken through associated entities, and composed an attractive debt/equity loan, which they financed alongside two other co-lenders.


The entrepreneur approached Sancus due to its strong and intimate knowledge of the offshore environment, and its ability to handle highly complex funding scenarios. The Sancus team received praise for the confidence they gave the client that the transaction would be completed, and for the speed with which the deal was agreed.


Chief Executive Andrew Whelan indicated that Sancus is currently working on a number of other proposals. This news may serve as an early indication of the effectiveness of the Sancus machine in facilitating local loans. 


Enter your name:

Enter a comment in the box below: