RateSetter Business Finance has lent over £400m to small and medium sized businesses throughout the UK allowing these businesses to scale up and become more productive.
Business loans are offered for amounts ranging from £25,000 to £750,000 over terms from 3 months to 5 years. The loans can be used for all business purposes including investment in new equipment and technology, research and development, and working capital to support growth. Rates are competitive and a team of experienced commercial underwriters provides a fast, efficient service with indicative decisions usually made in a matter of hours. Once loan documents have been signed and returned, the money can be in the borrower’s bank account the next business day.
Paul Marston, MD, Commercial Finance said: ”At RateSetter we are immensely proud of our ability to provide guidance and support to SMEs daily, and we are looking forward to discussing the finance options available to the UK’s Small Business economy.”
Founded in 2010, RateSetter is a peer-to-peer lending platform that brings together borrowers and lenders in a simple, confidential online marketplace. Business borrowers are assisted with their applications by a network of Regional Managers who can come and visit the business if required.
RateSetter pioneered the concept of a Provision Fund: all borrowers pay into the Fund, which reimburses investors in the event that a borrower misses a payment. RateSetter’s Provision Fund has a 100% track record to date, but lenders should note that their capital is at risk and RateSetter is not covered by the Financial Services Compensation Scheme.
Business loans are offered for amounts ranging from £25,000 to £750,000 over terms from 3 months to 5 years. The loans can be used for all business purposes including investment in new equipment and technology, research and development, and working capital to support growth. Rates are competitive and a team of experienced commercial underwriters provides a fast, efficient service with indicative decisions usually made in a matter of hours. Once loan documents have been signed and returned, the money can be in the borrower’s bank account the next business day.
Paul Marston, MD, Commercial Finance said: ”At RateSetter we are immensely proud of our ability to provide guidance and support to SMEs daily, and we are looking forward to discussing the finance options available to the UK’s Small Business economy.”
Founded in 2010, RateSetter is a peer-to-peer lending platform that brings together borrowers and lenders in a simple, confidential online marketplace. Business borrowers are assisted with their applications by a network of Regional Managers who can come and visit the business if required.
RateSetter pioneered the concept of a Provision Fund: all borrowers pay into the Fund, which reimburses investors in the event that a borrower misses a payment. RateSetter’s Provision Fund has a 100% track record to date, but lenders should note that their capital is at risk and RateSetter is not covered by the Financial Services Compensation Scheme.