Record month for rebuildingsociety as P2P lending momentum continues

P2P LENDING platform rebuildingsociety.com has smashed a milestone, lending the most in one month since its first loan was advanced in January 2013.

£519,000 was advanced in July, bringing the total lending that rebuildingsociety.com has facilitated to more than £8m.

The firm officially launched in 2012, and since then has helped 130 businesses.

Founder Daniel Rajkumar said that crowdfunding like that undertaken by rebuildingsociety was filling a major funding gap and was a way to ensure that businesses of all sizes would not fall through the cracks.

Notable investments in their best month ever were made in Plumbserve, a family-run installations business based in Nottingham, whilst £30,000 was raised by Derby-based care provider Caring Links.

Other significant investments include £38,000 apiece for Albamay Lt, a public house in Dundee, and Deanem Collections, a debt collection agency in St Albans.

Mr Rajkumar, founder and managing director of rebuildingsociety.com, said: “Since our launch we have advanced over 130 loans to UK businesses, amounting to £8m.

“Peer to business lending is now an established form of business finance. We’re now looking to build on our strong July and are running a number of promotions over the summer, including our interest free loan campaign.”

This firm is encouraging businesses to apply for loans, offering an interest-free loan of up to £25,000 for the loan that completes with the lowest interest rate.