New website for Alternative Finance Business Loans

AFBL-Wesite-Blog

Team Discovery is pleased to launch a new peer-to-peer lending website for our client “Alternative Finance Business Loans (AFBL)”….

Website URL: https://www.alternativefinance.loans/

Many of our own clients may benefit from the P2P lending services of AFBL.  AFBL say on their website….

It is interesting to note that since 2010 P2P funding has allowed businesses to bypasses the banks and borrow money directly from individuals. Businesses get the funding they need, and lenders get a better rate than leaving their money in the bank. In between the borrower and the lender stands the P2P platform which facilitate the provision of loans to businesses and property developers, through a network of investors who decide the quantum of their bid and the interest rate. Because each loan is structured as a term loan with a fixed monthly repayment, interest costs can be predicted with certainty; there is no exposure to market fluctuations. The platform handle the collection and distribution of loans and repayments.

Borrowers not only receive funds that they would not be able to obtain from high street banks but often at more favourable rates. Funds can also be obtained quite quickly. Funds can be used for growing the business, working capital, buying an asset or developing a property.

Typically deals have the following features:

  • Term loans up to five years
  • Loans for any purpose
  • Interest rates are fixed (typically 8% – 13%)
  • Monthly repayments of Capital and Interest
  • Borrowers are established businesses
  • Security in the form of Fixed and Floating Charges over company assets and/or Personal Guarantees
  • No penalty for early repayment

Website URL: https://www.alternativefinance.loans/.

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