The Just Loans Group Plc : New Gbp10m Funding Line
07 August 2015 - 7:21PM
UK Regulatory
TIDMJUST
THE JUST LOANS GROUP PLC
New GBP10m funding line 07 August 2015
The directors of The Just Loans Group Plc are delighted to announce a
partnership with peer to peer lending platform Ablrate. The following
announcement has been released to the press.
Press Release
Ablrate broadens investment options with The Just Loans Group PLC deal
Partnership gives Ablrate investors instant diversification over a
number of loans in one trade
London, August 4, 2015: Ablrate https://www.ablrate.com/Home.aspx , a
pioneering peer-to-peer lending platform that is the first in the world
to offer investors access to asset-backed loans against aircraft
transactions has announced a partnership with The Just Loans Group PLC
to provide commercial property-backed investment options on the Ablrate
platform.
The Just Loans Group PLC offers UK businesses an alternative to
traditional banks' lending facilities. The company's expertise in
underwriting has created a high-quality loan book of over GBP10m during
the course of its first 18 months of operations, with zero capital
losses across more than 200 transactions totalling GBP12.8m.
Commenting on today's partnership announcement with The Just Loans Group
PLC, David Bradley-Ward, CEO of Ablrate said: "This collaboration
represents a fantastic way for Ablrate's investor community to grow and
be presented with a wide range of lending options. The Just Loans Group
PLC brings a high quality, asset-backed lending proposition that
complements our existing niche offering, allowing investors on our
platform added value."
The Just Loans Group PLC's loan facility arrangement with Ablrate is for
up to GBP10m, with an initial tranche of GBP500,000. The arrangement
will leverage the firms underwriting experience and allow Ablrate's
investors to tap into other sources of lending thereby diversifying
their investment options.
John Davies, Director, The Just Loans Group PLC said, "This innovative
partnership with Ablrate will help provide UK businesses with the what
they urgently need - early funding to help them grow and a relationship
that will help them establish a good credit record."
This partnership comes at a time when the alternative finance market is
predicted to double in size in 2015, reaching an impressive GBP4.4bn,
according to Nesta
http://www.nesta.org.uk/news/alternative-finance-market-set-double-2015
. Last year bank lending to small and medium-sized enterprises (SMEs) in
the UK was down by GBP400m, a gap that the UK alternative finance market
filled, providing financing to over 7,000 SMEs, or the equivalent to
2.4% of all bank lending to SMEs.
For more information on Ablrate's investing opportunities please visit
www.ablrate.com
About Ablrate
Ablrate https://www.ablrate.com/Home.aspx is a pioneer in asset backed
lending against high-quality assets and the first peer lending platform
in the world to give investors access to aircraft transactions. Through
our unique online investment platform, we enable individuals and
businesses to manage their own financial risk and returns,
disintermediating and removing the cost of the middleman. Investors have
full visibility of the asset they are investing in, but also of the
potential risk exposure (estimated by ablrate.com) they are taking on.
Ablrate https://www.ablrate.com/Home.aspx gives investors access to
exciting and unique investment opportunities ranging from the highly
regulated aircraft leasing space to capital equipment transactions that
provide investors with good security and higher returns.
www.ablrate.com
About The Just Loans Group PLC
The Just Loans Group PLC https://thejust-group.com/ entered the
alternative finance sector in 2014 to help bridge the financing gap that
was restricting the progress of UK businesses. The Group is focussed on
funding growing UK businesses with loans between GBP10,000 - GBP500,000.
The business has already built a loan book of over GBP10m with skilled
and experienced underwriting leading to zero capital loses to date.
thejust-group.com http://thejust-group.com
Media Contacts:
Natalie Cowley
PR & Marketing Manager
Ablrate
natalie@ablrate.com
+44 (0) 203 283 4518
Shalini McCarrick
Director
Gutenberg Communications
Shalini@gutenbergpr.com
+44 (0) 20 7470 8894
The Directors of the Issuer accept responsibility for the contents of
this announcement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robert Boot
The Just Loans Group Plc
1 Charterhouse Mews
London
EC1M 6BB
Telephone: 02031996379
Email: rboot@thejust-group.com
GXG Corporate Advisor
Jon Isaacs
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: 020 7251 3762
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: JUST LOANS PLC via Globenewswire
HUG#1944445
http://http://www.just-loans.com/