Your April Impact – Lending Impact and Borrower Stories
You told us that monthly and weekly updates were a little too much, so to better suit your needs we’re improving the way we talk to you on a monthly basis.
In your first Investor Impact, we’re looking at some of the success stories from recent borrowers and how your lending has helped them achieve their goals.
This month we hit more than 60,000 investors, big and small, lending to businesses through Funding Circle. Together your lending is having a real impact on the UK economy. Already in 2017 you’ve helped more than 5,000 businesses access much needed finance to grow and prosper. We’re going to need a pretty big venue to host everyone for our next event!
Firstnet create 100 new jobs in Leeds
Award winning IT services provider Firstnet Solutions Ltd was founded in 2011 to provide small businesses with the best possible IT infrastructure. Based in Leeds, husband and wife team David and Angie Cusworth are passionate about helping small businesses benefit from the same IT solutions as larger companies, but for a price that suits their needs.
Last month, Firstnet Solutions Ltd opened a new purpose-built data centre in Yorkshire. David told us ‘we envisage that this data centre will create more than 100 new jobs, providing an important source of local employment.’
To facilitate the launch of their new data centre, Firstnet Solutions Ltd borrowed £74,480 in October 2016. David added: ‘Accessing finance through Funding Circle has helped our business achieve this success and we will look to work together more as we grow.’ Congratulations to David and the team!
We’ll be visiting David and the team soon to film a case study video – stay tuned.
Paralympian goes for gold with a Funding Circle loan
Husband-and-wife team Peter and Linda Norfolk are well-experienced in achieving excellence. Nicknamed ‘The Quadfather’, Peter Norfolk OBE is a double paralympic gold medal and multiple Grand Slam winning wheelchair-tennis player, while Linda was Head of Physio for the Paralympic GB team at the Athens Games.
Not content with just winning medals, together they also own and run Equipment for the Physically Challenged (EPC), specialising in providing high-performance wheelchairs and powerchairs.
To hire two new members of staff, Equipment for the Physically Challenged (EPC) borrowed £30,000 in 2016. Meet this inspiring couple and hear more about their story in this short video.
The glorious summer weather is fast approaching and with more bank holidays coming up in May, it’s the perfect time to start planning. We’ve put together a list of five great ideas, from picnics to watersports and weekend getaways, to help you get outdoors and support businesses that have flourished thanks to your lending.
At the beginning of May, we’ll be publishing ‘Your May Review – Insight and Analysis’ which will focus on what’s been happening on the marketplace to help you get the most from your investment.
Enjoy lending, the Funding Circle team