Ablrate, a peer-to-peer lending platform that is among the first to offer investors access to asset-backed loans against aircraft transactions, just announced its first loan in the waste-to-energy section for SEaB Energy Ltd. According to the press release,
the new transaction for GBP250,000 gives investors 11% pa returns for three years on their investment into the waste-to-energy sector. The loan is now available for subscription from lenders until the full amount is raised.
The loan is secured on company assets (namely anaerobic digestion equipment) as well as carrying a personal guarantee from the directors. Lenders will receive 11% per annum in interest, paid monthly, and the loan is amortizing.
On Ablrate, which launched in July 2014, investors have access to financing opportunities ranging from the highly regulated aircraft leasing space to capital equipment transactions that provide investors with good security and higher returns. They can invest as little as £100 to start with, and will receive their interest monthly into their account.
Recently, Ablrate announced a partnership with The Just Loans Group PLC to provide commercial property-backed investment options on the Ablrate platform. “The arrangement will leverage the firm’s underwriting experience and allow Ablrate’s investors to tap into other sources of lending thereby diversifying their investment options,” Crowdfund Insider noted. 
Regarding Ablrate’s first loan in the waste-to-energy sector, CEO David Bradley-Ward commented,
This is an exciting opportunity for us to help our lenders to move into financing a new sector. … With the growth in interest in green energy we are confident that we will see strong investor demand. SEaB are offering lenders an impressive security package and as a great innovative British company we are thrilled to be able to give our investors the opportunity to assist the company with this project.
And a side note for those with New Year’s resolutions still to fulfill: Ablrate’s latest blog post offers a chance to win a one to two-hour flying lesson for the person who enters, or his or her friend.
