Rebuilding has a record month

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A LENDING platform which has a £3.5m loan book and has grown 250 per cent since last December, has just marked its best ever month in business.

The Leeds-based rebuildingsociety advanced loans totalling £610,000 to seven UK businesses in July, including its largest to date – £315,000 to Norfolk-based excavation and groundwork specialists GRA Project Management. The platform allows individuals to lend varying amounts of money – starting from just £10 – to established UK businesses.

It hopes to increase its loan book to £6m this year, providing growth loans to up to 100 UK businesses.