Today’s news involves more bids coming in for the Cocofina P2B loan, with an attractive projected gross yield of 9.7 per cent. If you missed the video of Jacob, the passionate entrepreneur behind the company, check it out here. And here’s our video explanation of what it takes to lend to one of the borrowing […]
Yours to control The mainstream media is slowly coming round to the notion that alternative sources of finance may not be so alternative after all. The Telegraph runs a feature on the potential impact of peer-to-peer (P2P) and peer-to-business (P2B) finance on the pension reforms announced in the last UK Budget. The argument runs that loans […]
Manufacturing trade publication, The Manufacturer, is the latest publication to report Money&Co.’s landmark £1 million loan to Mecmesin. The magazine reports that Mecmesin had previously sought funding from traditional banks but found that its limited ability to offer securities made this difficult. The Manufacturer cites Robert Oakley, chairman of Mecmesin, as saying that a crowdfunding […]
It’s official. The Financial Times is mindful of the funding gap clearly demonstrated by independent research commissioned by Money&Co. and published on this site. “The biggest bar to growth remains ignorance,” reports the FT. “Money & Co. commissioned a survey that claimed UK SMEs had an annual unmet need for finance of £4.3bn. The study, […]
Record numbers of small manufacturing firms in the East Midlands are looking to invest in their businesses to make the most of new opportunities. According to a report published by the Manufacturing Advisory Service (MAS) in the Nottingham Post, nearly 60 per cent of firms questioned are planning to spend more on machinery and plant, […]
Our landmark £1 million loan to engineering firm, Mecmesin – the force and torque-specialist engineering firm – has attracted significant coverage among national and trade media organisations. David Stevenson, a columnist for the FT, Investment Week and Money Week, writes in AltFinance News that “Money & Co. appears to be targeting businesses seeking larger loans than would typically be […]
Here are extracts of today’s Financial Times coverage (registration required) of Money&Co.’s ground-breaking £1 million loan. The FT styles the Mecmesin deal a P2P deal, though we think of it as peer-to-business (P2B). “Small investors have lent £1m to a manufacturing business in what is thought to be the largest single peer-to-peer loan to an established […]
If banks aren’t an option, peer-to-peer investment (which Money&Co. believes should really be termed person-to-business, or P2B, lending or investment) could offer an attractive avenue for would-be entrepreneurs looking to bring a new idea to market, says a Guardian blogger. The Guardian blogger argues that widespread job cuts and stricter banking terms have driven aspiring […]
Help for small businesses and better access to funding are high on the political agenda ahead of the Queen’s speech this week. The Telegraph reports that Lord Bilimoria of Chelsea, founder of the Cobra beer company, believes that Britain’s banks should be doing much more to help small and medium-sized enterprises. According to Lord Bilimoria: […]
A survey by Business Banking Insight (BBI), a new government-backed website for SMEs to compare bank performances, reveals continuing discontent with banks. The survey of 5,000 businesses found 85 per cent had not approached a bank to apply for credit during the past 12 months. Firms with less than 10 employees gave their banks an […]