Tagged: lenders

Business Loans Marketplace Funding Xchange Raises $10.4 Million via Round Led By Downing Ventures, Gresham House Ventures

Funding Xchange (FXE), a company that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, has raised £8 million (appr. $10.4 million) through an investment round. FXE’s decisioning platform is used by UK-based Monzo, a… Read More

Sharestates Launches New Online User Portals to Fully Optimize Real Estate Investment Process

Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to… Read More

PeerStreet Launches Lender Platform Powered By HouseCanary Data

Real estate crowdfunding platform PeerStreet announced on Monday the launch of its new lender platform. According to the company, lenders may now access detailed Property Valuation Reports that allow them to analyze property data and adjust property details to generate highly accurate valuations that reflect current or… Read More

ThinCats Broker Partner Discusses the Relationship Between Brokers & Lenders

ThinCats, a secured peer to peer lending platform, announced on Thursday it is marking 18 months of working with Edinburgh-based broker, Neil Davidson, by highlighting the importance of understanding the needs of its partners’ clients. According to ThinCats, Davidson, who is Managing Director of Edinburgh-based Alderburn… Read More

Lending Works Announces Increase of Five-Year Lender Rate

On Wednesday, Lending Works announced as of Monday, it five-year lender rate has increased to 5.5%, which is considered the highest level it has reached since August 2016. The company revealed that the reason for the rate increase is due to the fact that it has… Read More

Lending Works News: Now Offering Bonus For Lenders

Lending Works recently announced it is now offering bonuses for lenders on its peer-to-peer lending platform. Starting today, lenders may earn a bonus of £50 for each calendar week, up to £200 in bonus. This is assuming that the lenders lend out £5,000 or more in each of the calendar weeks. While… Read More

Biz2Credit’s Latest Small Business Lending Index Reports: Big Bank Loan Approvals Rates Improves Following Setback Month

On Tuesday, Biz2Credit released its latest small business lending index which revealed loan approval rates at big banks ($10 billion-plus in assets) rebounded in April 2017 after a setback month. The company reported that small business loan approval rates at big banks increased by two-tenths of… Read More

Is Kabbage Buying Out Rival OnDeck?

Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More

British Business Bank Offers New Lenders An Enterprise Finance Guarantee Programme

British Business Bank announced on Tuesday the launch of its new Entrepreneur Finance Guarantee (EFG) Programme that is exclusively for new lenders. The bank is aiming to increase the number and diversity of lenders offering EFG-supported facilities to smaller businesses by opening up the lender accreditation process. According… Read More

Brief: RCS Capital Forms Agreement With Lenders to Covenant Modifications

RCS Capital Corporation (NYSE:  RCAP) (“RCS Capital”) announced on Tuesday that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications. Michael Weil, Chief Executive Officer of RCS Capital, commented: “We… Read More

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