Putting a local sparkle into saving and borrowing

“Championing those fab people who create that little sparkle… the truly traditional as well as the contemporary and inspired…”

Those lines are from the About Muddy Carrot page of this website, but they could just as easily describe FundingKnight – a new financial provider who arranges crowdlending to businesses.

At this point, you might well be wondering what crowdlending is and, indeed, why financial matters have a place on this website at all – especially if you’re more used to coming here to read great stuff about pigs foraging in the Wyre Forest - but please, bear with me, I promise to explain.

  

So, first things first….

What is crowdlending?

Well, it basically means everyday people – like you or I – investing in British businesses - typically the small, independent ones that breathe the lifeblood into all of our local communities.

A lender like you could put in anything from £25 up and see their money pooled together with cash from lots of other lenders and turned into a business loan.

Our borrowers come to us because they don’t want, or can’t get, the business finance they need from a bank or traditional sources.

We thoroughly check them, including carrying out all of the usual credit checks a bank would run, and then offer them up to our lenders.

We encourage lenders to spread their cash across lots of different businesses which lets them build their own individual portfolios whilst helping to keep risks to a minimum.

Who do we lend to?  How can I apply to borrow money?

FundingKnight typically lends to businesses who:

·         Have been trading for two or more years

·         Are a limited company, and have filed at least one set of accounts with Companies House

·         Have a UK bank account and are based in the UK

We can lend from £10k to £100k and have funds ready and available for businesses who apply now.  To find out more, or to apply please visit our website.

How can I become a lender?

You can sign up and register as a lender on the FundingKnight website.

We are in the process of putting the finishing touches to the next phase of our website but in the meantime, our brochure site gives you some more information about what we’re up to.  Please do sign up to stay in touch – that way we can keep you up to date as things develop.

Why should I care?

Of course, I also promised to explain just what a financial company is doing on this blog at all.

Well, really, it’s because we’re a local company, committed to local communities.  Ultimately, we want to take our campaign for a better way to lend and borrow nationwide and help people all over the country invest in their community but, right now, we’re starting local and focusing particularly on Dorset and Hampshire.

We know that people care about where they live and the businesses that help the local economy to thrive.

We believe that, given the chance, people would love to invest in those businesses – putting their money to work whilst giving local business a much needed boost.

We believe that there’s a better way to lend and borrow and that’s why we created FundingKnight.  Please do pop along and sign up to stay in touch.

Hazel McHugh

FundingKnight