Wanting to launch an equine centre in Potterspury, between Northampton and Milton Keynes, Alison and Clive Worker came to peer-to-peer lender Assetz Capital for help rather than going to a bank.
Why Choose Peer-to-Peer Lending?
Unlike banks, peer-to-peer lending can create communications with a number of interested investors.
Peer-to-peer lending platforms, such as Assetz Capital, enable individual investors to team up in order to lend directly to UK SMEs such as Potterspury Equine Centre. This option allows investors to lend as much or as little as they like and earn returns of between 8 and 13 per cent before tax and or losses.
By choosing Assetz Capital, Alison and Clive were linked with 271 investors who each lent amounts between £20 and £25,000 to help the company to launch
How was the Money Used?
With the money, Alison and Clive Worker developed what was once a neglected site into a fully-equipped equestrian centre, ready to provide up to 10 new jobs and a comprehensive range of services, including:
– Exercise space
– Small shop selling animal feed and horse bedding
In the future they are looking to develop the business with further improvements:
– Craft store
– Riding lessons and coaching
– Online order and delivery services
Why Choose Assetz Capital?
Alison Worker, co-founder of Potterspury Equine Centre, commented: “We had customers lining up before we’ve even launched, so it’s amazing to think that we almost didn’t get the funding we needed to get started. We approached high street banks with a solid plan and the right background to run a business like this, but they simply didn’t want to know.”
“Thankfully, Assetz Capital was able to be flexible and really help us. The team saw that this was a good opportunity, and we were able to secure funding quickly and simply – they took a serious look at the business, even coming to visit us on site, and got things moving without delay”.
As of September 2014, Assetz Capital has lent more than £43m to UK SMEs and property developers since it launched in March 2013, and is considered to be the one of the fastest growing P2P lenders in the UK. If you want to know how Assetz Capital can help you start your business, contact us today.