Connect with us

Top Stories


Daniel Rajkumar

Leeds-based peer-to-peer lending platform rebuildingsociety – which has a £3.5m loan book and has grown 250 per cent since December 2013 – marked its best month ever in July.

A total £610,000 of loans advanced to seven UK businesses included rebuildingsociety’s largest to date – £315,000 to Norfolk-based excavation and groundwork specialists GRA Project Management.

rebuildingsociety enables individuals to lend varying amounts of money – starting from just £10 – to established UK businesses. Companies repay monthly loans to the peer to peer lending platform, which acts as an administrator on behalf of its lenders. As part of a crowd, individuals earn pre-tax annual returns from 8-20 per cent, while businesses receive vital growth finance quickly, with no early repayment charges.

Daniel Rajkumar

Daniel Rajkumar

Daniel Rajkumar, rebuildingsociety’s MD commented: “It’s tremendous that our platform is acting as a magnet for more investors and lending to established companies like GRA Project Management, who come on board because they can secure a loan in weeks rather than months.

“In this instance, the contractor used the loan to buy equipment that it was previously leasing, which made strong commercial sense and improved the company’s balance sheet.”

The peer-to-peer lending platform is seeking to increase its loan book to £6m this year – providing growth loans to up to 100 UK businesses.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now