Assetz Capital launches SME income account

Assetz Capital launches SME income account




Peer-to-peer platform Assetz Capital has launched the Great British Business Account to follow its Green Energy Income Account….

Peer-to-peer platform Assetz Capital has launched the Great British Business Account to follow its Green Energy Income Account.

The GBBA account automatically invests in Assetz Capital loans to UK SME businesses with a target rate of 7% gross per annum capped return. 

Stuart Law, CEO of Assetz Capital, said SMEs were the “life blood” of the British economy and it was important that they got the growth support they needed.

“Our new Great British Business Account does that thanks to investors looking for a fair return on their money, while being protected by our Provision Fund and the security of property backing each and every loan,” said Stuart. 

 “It is this property security behind each loan that allows us to lower the cost of a loan to SMEs and in turn help grow those businesses by providing the funding they need, can afford and can guarantee via property security.  

“It’s our cheapest form of funding for businesses at as little as an 8% borrower rate.”

The GBBA is made up of many short and long term loans but investors can sell their investment at any stage through the active aftermarket subject only to demand from other lenders. 

“As peer-to-peer investment grows in interest amongst the population it is incumbent upon us to develop products in ever simpler ways,” added Stuart.  

“By launching the Great British Business Account, Assetz Capital is making peer-to-peer investment more accessible to lenders who just want to automatically invest cash in a certain category of diversified loans while remaining transparent and fair for all parties.”
 


 

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