LF hits the €10m mark
Peer-to-peer lending company Linked Finance has reached a key milestone, with over €10m in new funds now available for small business loans through its online platform.
Since its launch in March 2013, the company has facilitated more than €5.4m in peer-to-peer loans for over 300 Irish SMEs. Linked Finance said most of the loans facilitated have been significantly over-subscribed by bids from lenders, which total over €10m to date.
Total loan approvals through the company are now on target to exceed €15m by the end of the year. Linked Finance's peer-to-peer lending platform brings together SMEs and people looking to lend to businesses at a competitive interest rate return.