FT says RS to lend to SMEs

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dualinvestor

Posts: 935

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FT says RS to lend to SMEs Jun 13, 2016 8:02:13 GMT via mobile

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Post by dualinvestor on Jun 13, 2016 8:02:13 GMT

Article in today's edition saying will lend from £25k to £1million. (you might need a subscription to read although it is free)

Last Edit: Jun 13, 2016 8:02:45 GMT by dualinvestor

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westonkevRS
Representative of RateSetter

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FT says RS to lend to SMEs Jun 14, 2016 6:05:42 GMT

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Post by westonkevRS on Jun 14, 2016 6:05:42 GMT

This isn't really news, RateSetter has been lending to SMEs for well over a year in one form or another.

The difference is that now a Commercial Lending dept is in place with a new leadsership team and regional network. RateSetter is pushing the communication of this to attract direct borrowers, brokers or intermediaries. Our own blog is here:

www.ratesetter.com/blog/article/ratesetter-lends-250m-to-uk-businesses

In terms of people, this is RateSetters biggest investment through 2015/2016, i.e. Commercial Lending experts.

Kevin.

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