This came in via e-mail and some of you might be interested in it. The company is called LinkedFinance[/url:zl9mnlck] and it works like this:
[quote:zl9mnlck]Through our platform, creditworthy companies/soletraders with a minimum of 2 years good trading accounts can raise between €5-50k for loans over 36 months to help their businesses. The lenders can be your current loyal customers and hundreds of our own Linked Finance small lenders. Think about it, 250 small lenders lending you 100 euro each is €25,000. But more importantly each of these lenders has a real interest in your business and will seek to support it any way they can. This provides the business with a fantastic marketing opportunity as well as a great alternative to bank loans.
You can get these loans faster than through the banks, at a lower interest rate and with less personal guarantees and collateral. It can also increase your customer base and loyalty while you raise finance to grow your business.
Once you are approved on our system you can access Loans for
1. Working capital
2. New equipment purchases
3. Sales & Marketing drives
4. New market expansions
5. Hiring new staff[/quote:zl9mnlck]
They mention that BrewDog used this model to raise money and they're about to start a funding project for White Gypsy, to be announced on their website on Thursday of this week.
