Peer-to-peer lending platform Linked Finance has received an additional €5m in funds under the Government’s Covid-19 Credit Guarantee Scheme (CCGS). Niall O’Grady, CEO of Linked Finance, said he was “delighted” the company has been approved for an additional €5m in lending under the CCGS. Linked Finance can offer borrowers decisions on loans of up to €250,000 in under 24 hours from receiving their documents at interest rates starting at 4.75pc. In January, Linked Finance became the first non-bank lender to offer loans through the CCGS. To date Linked Finance has funded over €10m worth of loans to SME customers under the scheme.

Source: Irish Independent June 10, 2021 06:55 UTC