Rebuildingsociety.com has announced that it has completed more than £500,00 worth of loans since launching two years ago.
The peer-to-business lending platform has revealed that they have now finalised 11 deals and has facilitated over £210,000 of micro loan trades in their micro loan market.
Rebuildingsociety.com is a peer-to-business lending platform that connects creditworthy UK businesses looking for a loan with individuals prepared to lend their own money for returns that outstrip retail savings products.
The peer-to-business lending market is one section of the crowdfunding movement and is sometimes described as ‘crowdlending’ or incorporated into peer-to-peer lending.
Of the £210,000 loans arranged by rebuildingsociety.com over half have been completed, which shows that lenders are confident of an exit if their strategy is to divest.