Rebuildingsociety is a debt-based crowdfunding platform (also known as peer-to-business lending) that connects creditworthy UK businesses looking for a loan with individuals.
Since inception, its investors have lended ~$3.5M to British Small and Medium Sized enterprises.
UK businesses must meet the following criteria to be considered to list on RebuildingSociety:
Businesses are not required to own assets to qualify for a loan but RebuildingSociety does indicate many lenders prefer loans that are secured. It currently accepts three types of security against loans: (i) Personal guarantees; (ii) Debentures; or (iii) Asset-backed guarantees.
The following types of loans are available to investors:
Investors can invest as little as £20 or as much as £2,000 in a single loan. RebuildingSociety also offers a secondary marketplace that allows investors to re-sell parts of their loans.
Investors do not pay account servicing or origination fees. For investors that choose to access the secondary marketplace there is a .5% commission fee based on outstanding capital. (Only paid when the loan part is successfully sold.)
Issuers pay a fee based upon the duration of their loan:
A firm believer in a UK economy driven by enterprise and productivity, Daniel is passionate about providing a funding solution for businesses he feels have been let down by the banks.
His own frustrating experience of applying for funding through traditional channels convinced him that he could start and establish a credible facilitator of business loans funded by individuals, resulting in rebuildingsociety.com.
A serial entrepreneur, Daniel is the owner of several web-based businesses including rebuildingsociety.com and Web Translations, a business he has owned for 12 years that helps companies to trade in international markets by translating and promoting websites.
RebuildingSociety.com wants UK businesses of their peer-to-peear crowdlending platform and they are
Peer-to-business lending platform, rebuildingsociety.com has launched three crowdfunding sites powered by its technology; Be The Lender, eMoneyUnion and Acorn Commercial Finance. Crowdfunding is an online market that connects individuals and businesses …
Since the credit crunch, many entrepreneurs in the U.K. and elsewhere have found it difficult to get access to capital to grow their businesses. That’s a problem that Dan Rajkumar, founder of a company called Web Translations Ltd, experienced first-han …