We have just helped a garage proprietor to raise £60,000 for a project

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If you are looking for some loan capital to expand your operations, don’t worry if your bank doesn’t currently want to play ball.  Internet-based ‘crowd funding’ is now changing the dynamics of institutional lending to small businesses.

Operations such as “Funding Circle” will bring lenders and borrowers into direct contact with each other. After assessing the risk of a particular project they will invite groups of lenders to take a share of a syndicated loan.

We have just helped a garage proprietor to raise £60,000 for a project, which had been turned down by his bankers. The process was quick and easy and has culminated in a deal at rates which are beneficial to all parties.

Author: Businesswise Accountant

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