( PR4US.com | Press Release | 2016-12-16 21:28:56 )
Sweet importers and retailers, Candy Hero Ltd. first borrowed through the Leeds-based peer-to-peer lending platform in 2014, when they borrowed £50,000 from 231 lenders at an interest rate of 18%. They returned earlier this year to borrow £300,000 and have already secured offers that amount to over £204,000. An impressive 45 lenders are reinvesting in Candy Hero; and 267 new lenders have joined them.
Frank Dillon, one of the founders and co-owners of Candy Hero Ltd., was keen to put his faith back in rebuildingsociety.com
when the need arose for further funding. He commented that he would rather make the repayments, on which lenders can earn 20% interest, to numerous individuals, than to one faceless institution; embodying the idea behind the rebuildingsociety.com
Candy Hero Ltd. has just acquired a major customer, with a committed annual spend of £2.2 million. With the money they raise with this loan, the company, whose head office is based out of Baildon, Yorkshire, plans to refinance part of their previous loan, and use additional capital to add to their stock cycle.
Frank and his team have confidence in crowdfunding. Frank commented that, during Candy Hero Ltd.’s first experience of peer-to-peer funding, rebuildingsociety “provided a smooth process prior to listing the application, support throughout, and a platform that is clear and easy-to-use. rebuildingsociety.com
is a very impressive social business that is a powerful tool when you need extra finance above and beyond what may have been already possible.”
Read about Candy Hero Ltd. on their website, and find out more about their loan application at rebuildingsociety.com
About the Company
is a peer-to-business lending platform that facilitates commercial loans for SMEs in the UK. The Fintech company hosts a community that unites borrowers seeking funding with lenders looking to invest in the growth of companies. The site offers businesses fast access to finance, and helps lenders diversify their investment portfolio by lending to small- and medium-sized British companies.