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Post by gravitykillz on Apr 8, 2019 19:42:22 GMT
Quoting figures from 14th March 2019Borrowers: 164 Live borrowers Average utilisation: 75.85% Loans outstanding: £24,689,404 Loans outstanding in January:-p2pindependentforum.com/post/313351/thread£75,442,652 outstanding balance of loans. Does it suggest lenders have withdrawn money from the platform as outstanding balance have been significantly reduced? 50Mil??? That was for loans outstanding in Lending works not growth street. He was making a comparison.
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benaj
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Post by benaj on Apr 8, 2019 19:55:47 GMT
Quoting figures from 14th March 2019Borrowers: 164 Live borrowers Average utilisation: 75.85% Loans outstanding: £24,689,404 Loans outstanding in January:-p2pindependentforum.com/post/313351/thread
£75,442,652 outstanding balance of loans.
Does it suggest lenders have withdrawn money from the platform as outstanding balance have been significantly reduced? 50Mil??? The £75m was for Lending Works. Extract of the post (my bold)... GS Provision Fund is too low I agree... but let's look at Lending works. Latest statistics (Jan 2019), they have: (Shield) Cash: £1,450,165 and £75,442,652 outstanding balance of loans. My bad.  web.archive.org/web/20180329130823/https://www.growthstreet.co.uk/investing/statisticsIt's good to know GS loanbook is growing, outstanding loans was 12.6 Mil an year ago.
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benaj
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Post by benaj on Aug 5, 2019 15:55:56 GMT
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zlb
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Post by zlb on Aug 7, 2019 18:41:18 GMT
there's an intriguing function mentioned here, www.4thway.co.uk/candid-opinion/growth-street-update/Apparently: "The tools to defend against large-loan trouble include: A technical interface, whereby Growth Street receives large business borrowers' accounting data, so that it can immediately spot a deterioration in a borrower's financial situation. Growth Street's ability and legal right to manage the size of the loan rapidly downwards before the financial situation at the borrower deteriorates too far; the borrower is obliged to repay more rapidly while it still has the financial ability to do so. The right to have a large business borrower's customer payments paid directly to Growth Street in the event that the borrower's situation starts turning for the worse. In addition, Growth Street only accepts very large loans from highly profitable businesses, where it finds that the risk of those loans going bad are lower than the other loans it approves." |
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