The Award Winning Billion Pound Lender – Accredited to Lend Under Government Guaranteed CBILS Scheme
- Manchester, United Kingdom
Categories: Finance & Payments Mixed Digital/Non-Digital Mixed B2B/B2C
- Social Media
- Investment sought:
- Discount offered:
- £1bn+ lent, £120m interest, 1 in 100 homes funded, 120 staff
- Secured business lender - commercial mortgages/house building
- Over £100m of new funding lines agreed in just the last few weeks
- Applying for Future Fund, not conditional - see Key Info
Learn more about convertible loan campaigns.
Assetz Capital is the leading property-secured business marketplace lender in the UK and Europe. We have provided over £1 billion of loans to SMEs and property developers in the UK, financed by retail investors and increasing numbers of institutional investors, government bodies and banks.
We believe that with our scale and our 120 staff, we have achieved critical mass and have proven our business model - having been profitable in the 17/18 financial year, and with EBITDA minus exceptional funding costs positive in 18/19 and 19/20*.
We are now accredited to distribute CBILS government guaranteed loans. We believe that this is truly a pivotal moment for Assetz Capital, and we have the potential to grow significantly in coming years and to continue to pull away from the rest of the pack in the sector.
We have been recognised twice in the last two years as one of the UK’s top 100 fastest growing technology companies in the Tech Track 100 and we believe our future looks bright.
Assetz Capital is authorised and regulated by the FCA.
*19/20 figures are based on unaudited management accounts.
We charge our business borrowers an arrangement fee of typically 2-5% of the loan inclusive of any introducer commission that we pay and we also charge the borrower a loan monitoring and servicing fee (typically 0.9-2% pa). Loan arrangement fees and servicing fees are paid by the government on behalf of the borrower for the first year of CBILS loans.
Even now, in the pandemic, we have been managing our costs prudently and introduced new income streams to compensate for a temporary pause in new lending as we prepare for CBILS lending. This is principally due to the fee income from the £400m loan book.
As we attract more and more capital from investors and build our track record and loan book performance data we expect our cost of capital (the interest rate required by investors) to continue to lower, potentially both improving our margins and also tightening the rates at which we can potentially fund, making us both more competitive and profitable.