We are pleased to announce that the next online auction has just gone live on the FundingKnight peer to peer lending website
This time we’re offering our registered lenders the chance to invest in LeisureBench Ltd. LeisureBench were our first loan customers and have already successfully paid off their first loan. We are delighted that we can now offer them the benefit of a full live auction process.
You can read more about the investment opportunity below and, if you haven’t already registered as a lender, please do take the time to sign up as a peer to business lender with FundingKnight. You never know when an opportunity might pop up that’s just too hard to resist…
Business looking for funding: LeisureBench Ltd.
Period: 9 months, with 4 month repayment holiday
Auction duration: 13 days
Reason for loan: Stock purchase – Garden Furniture
Established in 2004 as a specialist furniture supplier and garden furniture retailer, LeisureBench has built a niche in importing outdoor furniture and buildings for the commercial sector, particularly the pub and public sectors.
LeisureBench is a fast growing dynamic company able to adapt quickly and efficiently to new trends and markets. As direct importers with partners in China, Indonesia, Vietnam and Bulgaria, LeisureBench develops its own unique product ranges at very low cost price enabling them to compete at every level.
We lent £110,000 to LeisureBench in January this year, which has been fully repaid. This is the second of three loans we are arranging for LeisureBench to fund stock purchases for the 2013 season.
Add funds to your account:
You will need to allocate the appropriate funds to your account to complete your investment. Log on to FundingKnight and go to Add Funds in your My Money account. Remember you can invest as little as £25.
Once funds have been applied to your account (It typically takes 24 hours for the bank to transfer the money) simply go to Find a Loan to find further information on the business and the loan opportunity and to make a bid.