What a week!
This week we were delighted to hit the 10,000 loans to UK businesses milestone. We also passed £600 million lent through the Funding Circle marketplace since 2010!
Investors are now lending more than £40 million a month to creditworthy small businesses, and the Funding Circle marketplace is currently one of the largest net lenders to small businesses in the UK. Since launch, this has created an estimated 24,000 jobs.
Michelle Partington has been running Lakeland Picnic since 2007, making homemade burgers and sausages from their base in the Lake District. In September 2013, the business borrowed £36,000 from 221 people across the UK, alongside the UK Government, to revamp the look of their street stalls.
Michelle said: “There was a list of nearly 5 pages of people who had lent me money…I was nearly crying: these people believe in what I’m doing!”
Are you interested in lending to businesses like Michelle
You can support small businesses like Lakeland Picnic by lending to them, and you can earn a great return by doing so. Simply sign up online and use our investor information guide to get you started. We have thousands of loans which you can be a part of, making it quick and easy to build a diversified portfolio. Remember, by lending to businesses your capital is at risk.