Basket or British SME Secured Loans

Wow I’ve been in this loan for over 2 years and haven’t checked back on it once. Wonder if it will repay or extend or err hopefully not default!

I've got more than my usual investment in this one, as it's spread across at least 5 loans.
Interest rate reflects the lower risk.

Agree it looks like a good candidate for a portfolio loan as essentially that's what it is.
I'd anticipate a few of these basket loans may be converted as time moves on.

Sorry, elliotm :

'Ablrate makes its money by charging the borrower 4% minimum above (it can be more, but not less) what you receive, this is our revenue on the loans. These fees are earned as each payment is made by the borrower.'

This is DPL, but I am sure there will be a correction if an SPL is less.

My rules for this platform state 'Blender makes his returns by actually lending money, and justifies his risk and effort by taking at least 10% interest from the borrower (it should be more but not less).'

Impossible. Whereas 13%/11% filled in a few hours. To be fair, Ablrate have suggested 8% for these loans (before defaults don't forget), which gives a headline a little over the 7.5% mean (7.3% for 67% of lenders) that you are encouraged to expect from FC (after defaults and very liquid). The first SPL did very well, and that's the test.

For portfolio loans it would be our/abl cut ie MTF 12% lenders to 8%/4%, so we’re idly speculating how that might impact the rate on a 10% loan and blender highlighted abl have floor of 4%.

Some of my favourite abl loans offer internal diversification ie mtf, jbl, wl plc, even the cars spread across 100+ dealerships.

More a discussion for the portfolio thread but these might be the most likely to qualify from the existing book.

I prefer to manage my loans at a higher rate and the liquidity of the dynamic SM so I would not be their target audience and would have to move any funds affected.

We are just uploading the new company update page and it is driven by company name and number. The company name was shortened on initial input, when it needs the full name. No new loans going to this company, it will be run off to term.