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Post by JamesGrowthStreet on Aug 11, 2016 8:49:41 GMT
Dear All, I'm delighted to announce that Growth Street is now open to company lenders. You can read the announcement in full on our blog here: www.growthstreet.co.uk/blog/news/help-growth-street-develop-the-future-of-business-bankingIn summary, we're looking for Ltd companies and LLP companies seeking a better return on excess cash to be early adopters and give us their feedback ahead of a wider launch to individual lenders later in the year. Early adopters can earn up to 6.5% AER on matched funds. We look forward to receiving your feedback. Best regards, James Sherwin-Smith CEO, Growth Street
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stevio
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Post by stevio on Aug 16, 2016 21:18:14 GMT
Dear All, I'm delighted to announce that Growth Street is now open to company lenders. You can read the announcement in full on our blog here: www.growthstreet.co.uk/blog/news/help-growth-street-develop-the-future-of-business-bankingIn summary, we're looking for Ltd companies and LLP companies seeking a better return on excess cash to be early adopters and give us their feedback ahead of a wider launch to individual lenders later in the year. Early adopters can earn up to 6.5% AER on matched funds. We look forward to receiving your feedback. Best regards, James Sherwin-Smith CEO, Growth Street Not at 6.5% (then 4%) thankyou
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Post by JamesGrowthStreet on Aug 19, 2016 15:17:53 GMT
Hi stevioThanks for your response. We would really appreciate some more feedback on this - we think 6.5% AER, with a default shield in place and funds accessible on 30 days notice is a competitive proposition vs what is currently available. Many thanks James
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Steerpike
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Post by Steerpike on Aug 19, 2016 15:52:33 GMT
Although this will probably be only 4% to individual investors after the current trial period which is restricted to companies, it appears to be different to most other P2P 30 day offerings which are usually based on underlying 3 to 5 year loans whereas Growth Street appears to be based on 30 day loans. I may invest here.
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Post by JamesGrowthStreet on Aug 25, 2016 8:09:04 GMT
Hi SteerpikeYes, that's correct, lenders are matched with borrowers creating a 30 day loan agreement on the Growth Street platform. Best regards, James
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