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Post by jackpease on May 9, 2014 8:57:10 GMT
Is anyone else finding FK very quiet? No new loans for weeks, no reassuring emails explaining why from FK. ReBS and others seems to be getting new loans.....
Jack
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jimbo
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Post by jimbo on May 9, 2014 12:04:52 GMT
I've personally put it down to the Easter and May bank holiday period. Borrower activity has tailed off on all business loan platforms I use over the last three weeks. It's starting to ramp up on FC now again, so I'd imagine it won't be long before FK post some new loans. It's only been a few weeks since their last loan auction ended...
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Post by nicky on May 9, 2014 12:59:24 GMT
We are sorry for this lull in activity and recognise that this is very inconvenient for investors wishing to lend money through our platform on a regular basis. Easter and the associated holiday period does always seem to slow traffic down a little, but to be perfectly honest, we have been receiving a number of loan requests from potential borrowers. Unfortunately, these have largely been rejected as they fell short of our credit standards. We would rather be criticised for a temporary lack of deal flow than a reduction in standards!  Prospective deal flow is now improving. Our pipeline of loan applications has virtually doubled over the last month and we have seen a marked increase in new enquiries. We hope to have at least two auctions next week, with a number following on from these quite swiftly. We will be making every effort to sustain this deal flow and are optimistic about the outlook for June. Please do bear with us, I can't say too much more at the moment, but we do have some exciting stuff coming up in the next few weeks.  |
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Post by jackpease on May 9, 2014 13:51:50 GMT
Thanks Nicky, FK is my favourite interface of all the platforms - the set up seems to work well so it'd be great to be able to reinvest the interest into new loans
Jack
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Post by nicky on May 9, 2014 15:18:56 GMT
Thanks Nicky, FK is my favourite interface of all the platforms - the set up seems to work well so it'd be great to be able to reinvest the interest into new loans Jack You're welcome Jack and many thanks for the vote of confidence - a lovely note to end the week on! Have a great weekend all. 
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Post by captainconfident on May 9, 2014 16:12:07 GMT
Good to hear this. I'll echo Jackpease and say that FK is much my preferred p2p platform for its better loan presentation and better follow up support to lenders. Hope this turns into a busy year.
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Post by nicky on May 13, 2014 11:58:20 GMT
captainconfident, Apologies I missed this Fri evening, but thank you for your lovely comments. We try very hard to make FK something we'd choose to use ourselves, so it's always great to hear good feedback from the community. Always good to hear constructive criticism too.... but especially nice to hear the good things.
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