Call it “alternative facts” or “media bias” if you will, but we can’t help but notice the large and increasing volume of stories that relate the unhelpful lack of clarity around the Brexit process. AltFi is the latest among many; it carries a report on concerns about late payment and Brexit uncertainty among SMEs.
“More than one in ten (11 per cent) of SMEs say they have experienced a worsening in payment terms in the last 12 months, and 8 per cent are coming under further pressures as customers increase payment terms owing to concerns since Brexit.
“[A research firm] said in a release: ‘This dire situation leaves SMEs dangerously exposed with many expecting a further squeeze as a result of Brexit uncertainty.
“‘This crisis hurts staff too with nearly one in ten of those surveyed (9 per cent) admitted that late payments have meant that they have been challenged to meet their own payroll obligations.'”
Money&Co.’s latest loan offering is A-rated, and is over 13 per cent funded at the time of writing, with a current gross yield of over 8 per cent. The average return achieved by Money&Co. lenders is just over 9.18 per cent – before deduction of our one per cent fee – in the three years and nearly £10 million of loans facilitated on our platform. More new offerings will be announced shortly.
In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.
Risk
If you haven’t made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment. Capital is at risk, once loaned.