Advisor Referrals Earn 1.5% On Rebuildingsociety.com
Crowdfunding platform rebuildingsociety.com pays 1.5% on completions resulting from adviser referrals.
Here is the press release:
September 4 2012 — An introducer channel paying a 1.5 percent fee on completed loans resulting from adviser referrals has been established by business crowdfunding platform rebuildingsociety.com.
Operating in the alternative finance sector, the peer-to-peer lending company, which was founded in 2011, provides an online platform connecting businesses looking to raise funds with investors who desire strong returns.
The loans, which range from £2,000 to £50,000, are sourced after businesses explain their funding needs on the site before being given a risk grading. Investors then submit their fund and repayment conditions in a short time window and the best rates are proposed as loans.
The Managing Director of rebuildingsociety.com, Daniel Rajkumar, said: “If introducers are working to secure funding for their clients, they should consider crowdfunding because it’s fast, uncomplicated and rates are typically much lower than those offered by banks. Rebuildingsociety.com wants to become a leading source of alternative finance in the introducer market so we’ve designed a process and fee structure to reflect that.”
Loan terms extend from six months to 60 and funds are provided to limited companies, limited liability partnerships, social enterprises and PLCs. Businesses are being encouraged not to borrow more than is needed, and being able to refinance or reapply can be easily done online, making borrowing in multiple stages more cost-effective.
Registration to rebuildingsociety.com’s introducer scheme is free and can be applied for via its website.