Businesses raise over €1m through Linked Finance

Linked Finance, Ireland’s leading peer-to-peer (P2P) lending company has raised over €1m for Waterford-based businesses. Some 34 Waterford businesses, including Coffee House Lane and Shellac Nails have raised funds through Linked Finance’s online lending platform (www.linkedfinance.com) to facilitate business growth.
Coffee House Lane, based in Kilcohan Industrial Complex in Waterford City, is a family-owned business run by Mark Bergin and the only coffee roasting company in the south east of the country, with national distribution of their products through Supervalu outlets across the country. Commenting on the funding, Mark Bergin, Founder, Coffee House Lane: “Our company has been experiencing a very exciting period of growth, and we have raised funds through the Linked Finance platform to support this. The process of funding with Linked Finance was so simple and well-managed, providing a very welcome alternative to the usual methods of fundraising.”
Niall Dorrian, CEO, Linked Finance comments: ‘‘The purpose of our platform is to support great Irish businesses and provide them with quick and hassle-free access to funding so they can unlock their full potential. SMEs all over Ireland are in growth mode. Our platform connects Irish businesses with lenders who recognise the enormous potential and want to invest in them. We pride ourselves on providing an alternative to traditional bank lending, the Linked Finance model is fast, efficient and transparent, allowing Irish businesses to take control of their finances and meet their objectives. This is a model that works, and the number of Waterford businesses who have now completed two loans on the platform, such as Walsh’s Bakehouse, is testament to this.”
Over the past four years, Linked Finance has facilitated over 900 loans to businesses all over Ireland. In its next phase of growth, Linked Finance is targeting to have lent over €350m to SMEs by the end of 2019.

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