Ireland’s P2P lending platform Linked Finance claims it has received record levels of interest from SMEs looking for Government-backed loans

Ireland’s P2P lending platform Linked Finance claims it has received record levels of interest from SMEs looking for Government-backed loans

Ireland-based Linked Finance, a peer to peer lending platform, has reportedly received record levels of interest from SMEs that are looking for government-backed loans.

After recently being approved to serve as a Coronavirus Credit Guarantee Scheme (CCGS) provider, Linked Finance claims it has received a fairly large number of new enquiries from Ireland-based small businesses. The firm’s management noted that there’s a growing appetite for non-bank lending services across the nation during these unprecedented times.

The platform’s management said that they’re proud to have been chosen as the first non-bank lender to be approved by the government as a Coronavirus Credit Guarantee Scheme lender.

They added that since launching their loan offering last week, they’ve now received “record levels of interest” from SMBs looking to take advantage of the scheme via their platform.

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Source: Ireland’s P2P Lending Platform Linked Finance Claims it has Received Record Levels of Interest from SMEs looking for Government-backed Loans