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As banks try to rebuild their own balance sheets they have become relunctant to lend and have increased their margins so that deposit rates are very low yet the cost of borrowing is often in double figures.
The Business Loan Network (BLN) links borrowers and Lenders, by bypassing the banks and sharing the benefit of avoiding their charges, so both get a better deal.
BNL holds an on-line auction at www.thincats.com where Lenders bid to join syndicates making loans to a series of pre-vetted and secured lending opportunities. Lenders bid a minimum of £1,000 to join syndicates making loans from £50,000 to £3m over periods ranging from a few months to 5 years or more. Loans are always secured and researched in detail by former bank managers before being featured in an auction.
Lenders always make their own lending decisions and can make multiple bids in the same auction at different interest rates. At the end of an auction the lowest bids are selected to make up the total needed with each successful bidder getting the interest rate they bid. The Borrower is often offered the weighted average rate plus the BLN fee of 1% and 0.5% for the “Sponsor” who will be monitoring the loan.
Lending membership is open to serious investors who understand the risks involved and who demonstrate their commitment by keeping at least £1,000 of cleared funds in their Client Account.
Find out more about the Business Loan Network - Enquire Online > Select Loans without banks service.
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Sterling Capital Reserve Ltd are Accredited Sponsors |

Sterling Capital Reserve Ltd
Sterling House
10 Wheatcroft Business Park
Landmere Lane, Edwalton
Nottingham NG12 4DG
Tel: 0115 984 9800
Fax: 0115 921 5550
Map and Directions to our Office
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