Tagged: loan

July 3, 2019 @ 9:26 am By Samantha Hurst  |  

UK banking group NatWest announced on Tuesday it has completed a SONIA (Sterling Overnight Index Average) loan for its corporate customer National Express. According to NatWest, the loan has been provided as a committed Revolving Credit Facility. Ashurst LLP acted as legal adviser to the bank… Read More

March 1, 2019 @ 9:47 am By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Thursday it has provided a $4.75 million term loan to Precision Opinion, a market research companies in the U.S. that provides insights for political organizations and social science agencies using Computer Assisted Telephone Interviewing technology. While sharing… Read More

November 8, 2018 @ 7:18 am By Samantha Hurst  |  

INSIKT (pronounced “in-seekt”), a Lending as a Service (LaaS) company, announced on Thursday it has closed a private social impact bond issuance of $26 million as part of its mission to accelerate financial inclusion in America and invest capital into its low-income communities. Insikt reported that… Read More

May 31, 2018 @ 8:40 am By Erin Hobey  |  

Oakland’s first cider since the prohibition,  has linked with Wefunder to raise a minimum of $100K; to date over 117 investors have poured in more than $52,900 into the campaign; the company has planned a special cider to celebrate the milestone. Every investor who invests… Read More

November 2, 2017 @ 12:27 pm By Erin Hobey  |  

I scream, you scream, we all scream for Ben & Jerry’s. Make mine Chunky Monkey with chocolate sprinkles in a sugar cone. Wait, there isn’t a Ben & Jerry’s on Venice Beach Boardwalk yet?  Cone-endrum solved: Boardwalk Hospitality will fill the void, given the Wefunder crowd overwhelming… Read More

March 24, 2017 @ 5:20 pm By Samantha Hurst  |  

Online lending crowdfunding portal Funding Wonder announced on Thursday the launch of its first loan offering which is dedicated for Annapolis, Maryland Dental Fix Rx franchisee, Ryan Clark. This news comes just a few months after the platform was approved by the Financial Industry Regulatory… Read More

February 1, 2017 @ 1:32 pm By Samantha Hurst  |  

Commerical real estate marketplace lending platform, Money360, announced on Wednesday it has provided a bridge loan to the owner of a retail center in Jacksonville, Illinois. According to Money360, the $8.3 million loan is allowing the borrower to pay off a maturing loan on the Lincoln… Read More

October 14, 2016 @ 10:10 am By Samantha Hurst  |  

Real estate marketplace lending platform Money360 announced earlier this week it has provided a $6 million permanent loan for the refinancing of a single-tenant industrial building that is located in Bryan, Texas. According to the lending portal, the new permanent loan will allow the borrower to… Read More

March 30, 2016 @ 3:20 pm By Samantha Hurst  |  

On Wednesday, Singapore-based bullion retailer, Silver Bullion Pte Ltd., announced the launch of its 1-month bullion secured peer-to-peer(P2P) loans. Silver Bullion previously offered loan durations of 6 months, 12 months and 24 months secured by physical gold and silver collateral stored in its vault, The Safe… Read More

January 21, 2016 @ 4:49 am By Erin Hobey  |  

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More

September 22, 2015 @ 1:12 am By Midori Yoshimura  |  

Former UK head of Google, Dan Cobley, sees a unicorn–a $1.5 billion-turnover success story–in his co-founded startup SalaryFinance, for which he left Google last year. According to Business Insider, Cobley said that SalaryFinance would “be talked about in some of the same sentences as unicorn businesses over… Read More

September 15, 2015 @ 4:28 pm By Samantha Hurst  |  

Open Energy, a debt finance firm that provides solar project loans to solar developers and project owners through its unique marketplace lending model, today announced the launch of its new online platform, designed to streamline the loan application process. This is considered the first comprehensive… Read More

August 7, 2015 @ 12:49 am By Midori Yoshimura  |  

    Would a “Safe Room,” a storage facility filled with 80 tonnes of silver and a tonne of gold, worth about S$120 million total, increase your confidence about participating in a peer-to-peer loan platform? Silver Bullion, a Singapore-based bullion retailer, is counting on it. The company just launched… Read More

May 9, 2015 @ 3:00 am By Midori Yoshimura  |  

A new type of mortgage launched by National Family Mortgage, a Massachusetts-based marketplace for peer-to-peer loans, is offering a homeowner’s own family, rather than a bank, the chance to receive tax-free cash borrowed against a home equity line of credit (HELOC), according to a recent story in the Washington Post…. Read More