Business crowdfunding platform rebuildingsociety.com has launched an introducer channel that pays a 1.5% fee on completed loans resulting from adviser referrals.
The recently launched business operates in the alternative finance sector and provides an online platform that connects businesses looking for finance with investors looking to achieve strong returns.
Businesses submit their funding requirements to the site and are given a risk grading. Investors then pledge their funds and repayment conditions in a short time window with the best rates put forward as loans.
Loans through rebuildingsociety.com range from £2,000 to £50,000 and are provided to limited companies, limited liability partnerships, social enterprises and PLCs, with terms between six and 60 months.
Registration to rebuildingsociety.com’s introducer scheme is free and can be applied for via its website.
“If introducers are working to secure funding for their clients, they should consider crowdfunding because it’s fast, uncomplicated and rates are typically much lower than those offered by banks,” explained Daniel Rajkumar, managing director of rebuildingsociety.com.
“Rebuildingsociety.com wants to become a leading source of alternative finance in the introducer market so we’ve designed a process and fee structure to reflect that.”