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Thank you to those lenders who were able to attend the Investor Conference in London on 11 October. The purpose of the conference was to update investors on the large number of changes that have been taking place at ThinCats over the last 18 months.
Our Investor Conference is now confirmed for Thursday, 11th October at the Building Centre in London’s Fitzrovia. All investors should have received a copy of the email invitation – if you have not had yours, please email email@example.com with your name and BLN number, and we will be very happy to forward you the full details.
ESF/ThinCats announces £200 million funding programme to support lending to UK SMEs ESF Capital, together with its operating subsidiary, ThinCats, has concluded a funding programme for loans of up to £5m for growing UK small- and medium-sized enterprises (SMEs).
W. Bruford is a chain of retail jewellery shops operating on the south coast, which was looking to refinance after their long-term bank changed their lending criteria. Business owner Ashley Pugh joined as general manager in 2001 and then led an MBO in 2003.
ThinCats is thrilled to announce that the company has been granted full authorisation by the Financial Conduct Authority. The approval highlights the company’s commitment to protecting consumers and developing the alternative finance industry as a vital source of capital for businesses, and income for investors.
It’s possible that Edmund Hilary and Tenzing Norgay weren’t the first people to make it to the top of Everest. When George Mallory’s body was discovered on the slopes of the mountain 75 years after he disappeared in 1924, it was apparent he was descending, having been last seen 800 vertical feet from the summit
There used to be a rule of thumb in pension planning, that the percentage of bonds or other income-bearing securities, in one’s pension portfolio should equal one’s age. Things are somewhat more complicated and that, hopefully, has been replaced by more grounded and detailed analyses.
We outline below the ThinCats policy for loans listed on the platform which are underwritten by ESF. Where a loan is underwritten by ESF, they may also choose to take a minimum investment in the loan. Details of this will be set out in the information pack which is available to lenders.
We are delighted to announce that ThinCats has been ‘Highly Commended’ at the Business Moneyfacts Awards in the “Innovation in the SME Finance sector” category, for the ThinCats loan grading system.
From our analysis of the market we anticipate lower average loan rates, along with an increase in loan quality. These linked trends are a confluence of events in the wider alternative finance SME loan market – indeed, debt markets generally – and ThinCats’ own due diligence.
Diamonds are a peer-to-peer lenders’ best friend, as Shirley Bassey sang. Or meant to, we’re sure. Cardiff’s finest export will doubtless have had many a diamond stocking filler at this time of year.
2016: the year we built on the foundations It’s that time of the year, where tradition expects we review the previous 12 months, typing out our thoughts as mince pie crumbs scatter the keyboard. It was ever thus, with annual reviews probably going back to cuneiform script on clay tablets.
A core goal for ThinCats is to increase the volume and range of deals available to lenders on the platform. As all our loans are introduced through Sponsors and other business professionals, it’s vital that we develop our relationships with those best able to provide the lifeblood for SME P2P lending.
Using the new loan gradings: Balancing risk and reward Should you invest in a loan that isn’t four or five star? Five star loans aren’t ‘good’ and one stars ‘bad’, any more than AAA-rated corporate bonds (of which there are vanishingly few these days) are good, and high-yield bonds bad.
The update issue Times past, ThinCats had neither the resources to carry out extensive development of the platform, or to keep our lenders adequately informed. But that is changing. We have been putting considerable capital towards supporting lenders, and are allocating more.
As you know all of the major peer to peer platforms are in the process of applying for full authorisation by the FCA. As part of this process we have been reviewing our client money procedures and we need to introduce a few changes immediately that might affect you.
Gin loan raises spirits Gin has come a long way from Mother’s Ruin. However, access to finance can be a ruinous experience for a young gin distilling company trying to make its way in the world. Founded in 2013 by Mark Hensby and John O’Dowd, Liverpool Gin set out to provide “super premium organic gin”
Europe’s biggest platform for secured P2P business loans has auctioned Europe’s – and possibly the world’s – largest non-property peer-to-peer (P2P) loan. Insurance group LAMP has listed a £3.5m loan on UK-based lending platform ThinCats.