P2P Money Blog

The peer-to-business company ReBuildingSociety have successfully arranged their first two loans for £55k with lenders rates ranging from 6% to 15% per annum.

Daniel Rajkumar, the founder of ReBuildingSociety stated:

We’re delighted to have facilitated these two loans.  Our proposition is simple - through our platform we connect profitable businesses that want a loan with individuals who want to earn a good rate of return on their capital by lending as part of a crowd.

Borrowers are UK businesses of all sizes.  Their biggest barrier to growth is finance, but with alternative sources like rebuildingsociety.com emerging, there is no reason why well-run businesses should have their growth plans curbed.

ReBuildingSociety currently has six businesses looking for funds at the moment, with requests totalling nearly £250,000.  Lenders on other sites looking for better rates should not overlook ReBuildingSociety.