GLI Finance reveals 120% loan growth

GLI Finance reveals 120% loan growth




GLI Finance has announced that total loans made during the past 12 months have grown by 120% on last year's results….

GLI Finance has announced that total loans made during the past 12 months have grown by 120% on last year’s results…


The finance provider for SMEs in the UK, US and Europe issued £227m loans from June 2014 to June 2015, compared with £103m loans the previous year.

It also revealed the number of new loans issued grew 45% moving from 2,274 last year to 3,296 this year while average loan size also grew from £45,000 to £69,000.

“We continue to work on the listing of the Company's zero dividend preference shares and the launch of a closed end fund focusing on a loan portfolio diversified by geography, size of loan, type of lending and duration,” said GLI. 

“Both initiatives are expected to be completed by the end of September 2015.”

GLI has now lent £444m across approximately 6,400 loans since its inception. 
 

Leave a comment