We're pleased to report strong atcivity on site, with a surge of lender interest for the loan offering by Olsen Doors & Widows, a B-Rated offering with a gross yield of 11.1 per cent at the time of writing. The offering has attracted 33 per cent of its £250,000 funding target, adding more than six per cent in the past two days.
The loan auction closes in 15 days. For more on the above, click here.
Data tracking company Globavista, an A-rated offering, has attained 22 per cent of its £500,000 target. Current indicative gross yield is 9.4 per cent. The auction closes in 13 days.
Risk - Please Read
*** All the above should be read in the context of the risk warnings in this paragraph. It's very important that we point out to lenders that lending to our companies – carefully vetted as they are – carries risk. We take a legal charge on the assets of the companies and would step in to protect our lenders in the event of a borrower's defaulting on a loan. But before committing capital, please see the risk warnings on site, and in our Frequently Asked Questions. It's also a good idea to take independent advice from an accountant or solicitor. See also this video, which explains more about lending, including the potential benefits of spreading capital across a range of loans to lower risk.