Lenders

Funding Empire is an online platform that enables lenders to get a return on their money by lending it to creditworthy businesses looking for a loan secured against assets such as vehicles and plant equipment.

Lots of lenders bid small amounts of money to different businesses looking for a loan.

Earn a gross interest rate of 10% p.a. on our asset backed loans.

Capital at risk. Please click here to view our full 'Risk Statement'.

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Once registered, you can deposit funds into your Funding Empire account by bank transfer. You can then offer to lend your money out to businesses looking for a loan, at an interest rate you set.

If you want to start earning interest immediately, you can buy active, already performing loan parts from other lenders on our 'Loan Marketplace'.

No annual servicing fees. We make NO deductions from repayments due to you from borrowers.

Secondary loan market fee - If you choose to sell a loan part you own through our secondary loan market, our fee is 0.5% of the total amount of capital outstanding in the loan part you wish to sell e.g. if you choose to sell a loan part with £100 capital outstanding, you will pay a fee of £0.50p when your loan part is purchased by another lender.

Our lenders are currently earning an average interest rate of 10.51%* (gross).

* This is the weighted average gross interest rate for all loans originated up to and including 20th August 2017, across all risk ratings and all loan terms. The equivalent net figure, after making a provision for bad debt, is 9.21%. Please note lenders must take their personal tax obligations into account when working out their individual net rate. All net figures quoted on the site are without any provision for individuals tax liabilities.

These figures have been calculated using the whole of our loan book and were calculated on the 20th August 2017 for all loans originated up until this date. The net figure has been calculated by making a provision for bad debt at an estimated rate of 1.3%. We have used an estimated bad debt figure as we have yet to experience any bad debts.

All figures and information are accurate as of 20th August 2017.

We speak with every loan applicant to get a real understanding of their business and the individuals behind it.This also helps us to assess the viability and credibility of the application.

More information about Risk Ratings
More information about Late Repayments and Bad Debt


Click here to view our 'Risk Statement'

As highlighted in the press and news, small businesses really are what keeps the UK economy moving. They account for 99.9% of private sector business and are clearly the backbone of the UK economy.

The scale and success of the ever growing peer to peer business lending market clearly demonstrates the lack of mainstream finance available to even creditworthy businesses.

You choose who you lend to and how much; it couldn’t be simpler. You can start lending with as little as £20 and there is no maximum limit.

Manage your account on-line via your ‘Lender Dashboard’, which gives you detailed information about your portfolio, allows you to transfer funds and print statements.

Withdraw your available funds instantly using our ‘Withdraw Funds’ facility and have them returned to your bank account.

List for sale any active loan parts you own through our 'Loan Marketplace' to gain early access to your invested funds.

JOIN

Start lending immediately by registering as a lender. It’s free and is open to UK residents over the age of 18 who pass our online identity and fraud checks.

Our instant online registration is fast and easy. Once registered simply transfer money into your Funding Empire account by online bank transfer and you're ready to start investing and earning interest.

Fees

As a lender, you pay NO annual servicing fees. We make no deductions from repayments due to you at all.

Secondary loan market fee - If you choose to sell a loan part you own through our secondary loan market, our fee is 0.5% of the total amount of capital outstanding in the loan part you wish to sell e.g. if you choose to sell a loan part with £100 capital outstanding, you will pay a fee of £0.50p only when your loan part is purchased by another lender.

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BROWSE

View current business loan requests (auctions)

For each loan request we will create a profile for the business giving you, the lender, as much information as possible about the business including the loan terms it is looking for, details and images of assets, loan agreements and a Q & A page for you to ask any questions you may have to the business directly.

View loan parts for sale on the 'Loan Marketplace'

You can purchase loan parts for performing active loans from other lenders on our ‘Loan Marketplace’. Once purchased, these loans will start earning instant interest for you.

More details about our 'Loan Marketplace' can be found here

BID

Once you have decided to lend to a business, you can make a bid to lend it anything from £20 to the whole amount asked for.

Our asset backed loans operate as a fixed rate auction which end as soon as their funding goal is reached. These do not operate a reverse style auction model.

Find out more about this in the "How it Works" section.


Our Bidding & Auction Process explained

  • Once we list a business loan request, investors can start bidding their money to it immediately. Simply bid an amount that suits you, from as little as £20.
  • Auctions generally last between 5-14 days
  • Once the auction ends, we carry out our final checks and transfer the funds to the borrower. All your active loan parts will be shown on your statement on your home page.
  • Once the loan has been originated, you earn the exact interest rate you bid your money out at and start earning interest from the time the loan is originated right through until the last repayment with NO ANNUAL SERVICING FEES deducted.
  • All active loan parts you own can be placed for sale at anytime by listing them on our 'Loan Marketplace'. Simply decide which ones you want to sell and how much of a premium / discount you wish to apply to them.

EARN

Once the loan has been accepted by the borrower and we have completed our final checks, we will transfer the money to the borrower. Every month, when they make a repayment, we transfer the interest and principal straight into your Funding Empire account.

You can withdraw your available funds at any time, choose to re-lend them to other businesses looking for a loan or purchase active loan parts from other lenders on our 'Loan Marketplace'.


Our Loan Marketplace explained

This is where lenders who have active loan parts can offer to sell them to other lenders. The advantage of this is that lenders can buy active loan parts instantly and benefit from earning interest from day 1 without having to go through the bidding and auction process. New loan auctions can take a couple of weeks to be finalised, so this provides a way of earning interest on your money instantly. Lenders can choose to sell their loan parts at par or with up-to a 3% premium or discount applied.

Each loan part has the following information attached to it for investors to see:
  • The business / loan name (Clicking on this brings up the original loan record with full business information available to view)
  • Risk Rating (excluding asset backed loans)
  • Term remaining on the loan
  • Seller’s premium
  • Sale price
  • Buyer Rate

RELAX

We manage all the paperwork, repayments, agreements etc. on your behalf for the entire term of the loan.

We also manage the entire debt collection process should any loans we arrange need this action at any point.


Our Repayments explained

As an investor, you pay NO annual servicing fees like some other platforms charge

We collect monthly repayments from borrowers and transfer the interest and capital directly to your Funding Empire account. Either re-lend these funds or choose to withdraw them straight to your bank account. If a business pays its loan off early we will transfer the outstanding principal back to your Funding Empire account and again you may re-lend or withdraw.

Missed / Late repayments

If a business is late or misses a repayment we will chase this money on your behalf. We will use the same collection process used by banks and other leading financial organisations. We may also instruct a professional debt recovery agency or solicitors to recover any monies due or that are outstanding.

If the business ceases to trade we will do everything within our powers and the law to pursue the debtors. Funding Empire and our debt collection partner will also attempt to recover any monies owed through the courts using standard debt recovery procedures.

A well balanced and diversified portfolio will also help manage the risk of defaults and loss of capital.

As with any form of lending, there are risks involved. Please click here to view our 'Risk Statement'.

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