We are very pleased to announce another successful loan auction on the Money&Co. platform. Forest Fuels Limited has raised £275,000 for growth. The five-year loan will bring lenders an average yield of 8.5 per cent.
Forest Fuels is, in its own words, "an award-winning, established and profitable specialist wood fuel consultant and supplier to small and medium scale heat boilers, from a national network of 17 depots. The company currently supplies Premium Grade wood pellet and wood chip fuel to over 500 boilers. As well as fuel supply, we offer consultancy advice to those considering biomass. Forest Fuels also offers ESCOs, where we fund a new biomass boiler installed on a customer's site. There are a number of different contract structures available, suitable for a wide range of customer and site types."
Money&Co. has more than £5 million of new loans in its deal pipeline, and new opportunities for lenders and borrowers will be showcased on site shortly.
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Remember there is no profit without risk – although we try to minimise risk by using a conservative credit-analysis model, and insisting that lenders are protected by taking a debenture on the assets of the borrowing company. To read more about the risks of lending, click here.