We kicked off 2017 with the launch of Newable Lending and in particular, Newable Business Finance Loans. A brilliant brand spanking new Fintech product enabling growing businesses to borrow £26K – £150k over a period of 1 to 5 years.
To date, we have provided loan finance of over £9m to small businesses across the UK, many of whom were originally rejected by the banks for business finance and who are now successful business owners.
With the launch of Newable Business Finance Loans, came the introduction of the Newable Lending Mentoring Service. Providing practical, hands on support for businesses seeking guidance, information and advice to grow. Mentoring is a key differentiator for Newable Lending, meaning with all of our loans, we offer practical, hands on support for businesses seeking guidance, information and advice, designed to help our clients get the most out of their loan.
To date, our success stories include companies that have doubled their income over the last 12 months, as a direct result of the finance and support we have provided. A testimony to our commitment to building business confidence and helping businesses start, scale and internationalise their business. In October, we launched Lending for Growth, a Peer-to-Peer product offering businesses the option to borrow up to £10m, enabling businesses to meet the local community.
To round things off, December saw the opening of the first Newable Lending Business Exchange in Epsom, and as part of the Newable Lending Mentoring Service, we have just launched the Newable Business Development Zone.
This exciting, invaluable resource enables our existing clientele to create their own personal accounts and access a range of factsheets, articles, guidance and information at the click of a button. The service comes with live online support from our Mentoring Team, where business owners can email a Mentor for real time advice and support, including a UK business grant finding service.
Finally, we also opened our first Business Exchange in Epsom, designed for our customers to come in, meet the team and ask any questions about the products and services we offer.
Overall, it has been an eventful year here at Newable, with the introduction of many great support services for UK businesses with much more to come.
So to round things off, we here at Newable Lending would like to wish all of our existing and future clients a happy festive season and prosperous 2018.