New loans are now live on the FundingKnight website, offering the chance to start investing in abacus Franchising.
Abacus is a national network of qualified accountants, supporting small businesses in all aspects of accountancy and taxation.
There are two separate auctions providing a chance to invest in British business:
1 – year loan of £20,000
3 – year loan of £30,000
Each loan will be crowdfunded, using the FundingKnight investment community to attract investors.
You can start investing with as little as £25 and peer to peer lending is fee free with FundingKnight.
To lend to British business you need to register as a FundingKnight investor. Once that’s done, you simply log onto www.fundingknight.com and choose Find a Loan to start investing.
You decide what to invest in, you decide the rate that you want to bid and you have the chance to access your cash whenever you need it by selling or all or part of your investment to a new lender via the FundingKnight loan exchange.
Read about the abacus loans below, or for full financial analysis and information log onto the FundingKnight website.
Business seeking funding: abacus Franchising Company Limited
Period: 1 year, repayable in 12 installments
Period: 3 years, with a 3 month repayment holiday
Fast track auction of up to 14 days, to close when both loans have been filled at the reserve interest rate.
Reason for loan:
Expansion, following new contract awarded by Scania GB.
Incorporated in 2004, abacus has developed a national network of qualified accountants who support SME businesses with all aspects of accountancy, taxation and administration functions. The network has over 3,000 clients. Its collective fee income would make it one of the top 100 accountancy firms in the UK. Abacus is the only national accountancy franchise for qualified accountants approved by the British Franchise Association.
The loan is to provide finance to support the expansion of the business following an award of a new alliance with Scania GB to provide services to its customers.
Find out more, or search for new loan opportunities by registering as an investor with FundingKnight.