<
p>FundingKnight has increased its largest loan amount to £500,000 in order to meet demand…
The Southampton-based business will apply the inflation to all its current and forthcoming products, including business loans, property bridging and finance for renewables.
Chief Executive Graeme Marshall said the decision was based on demand from existing and potential clients in the marketplace, as well as the professional intermediary community.
“Apart from widening our appeal and consolidating our position, it sends a powerful message out to the market about our expanding capacity for arranging business loans,” Graeme said.
"We achieved a major milestone at the end of last year when the number of borrowers topped 100, representing around £10 million of lending. We are looking forward to expanding our offering for both investors and borrowers during the current year and beyond as the growth in the alternative finance market continues to gather pace."
FundingKnight also provides a web platform that matches people wanting to earn a better return on their savings, with small British businesses seeking the widen their access to finance.
FundingKnight has increased its largest loan amount to £500,000 in order to meet demand….
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