Our business is Linked Finance; we facilitate loans to Irish small/medium sized businesses by a new method in Ireland, called ‘Crowd Funding’ . We help ‘the butcher, the baker and the candle stick maker’ :-).
We built the technology in 2012 and launched the business in March 2013 (yes, we are just over our 1st Birthday). We were 3 guys who knew each other from having our own small businesses and decided to do something together. We felt Crowd Funding was something desperately needed by SMEs in Ireland and was growing huge as a concept all around the world.
We raised some money ourselves and then got HYPSU money from Enterprise Ireland. One year later and we have helped fund over 80 Irish businesses and we plan to help hundreds more in 2014.
Please watch the video on our website www.linkedfinance.com and also take a look at our ‘MARKETPLACE’ for an idea on the other types of businesses we have helped.
Through our platform, creditworthy companies/soletraders with a minimum of 2 years good trading accounts can raise between €5-50k for loans over 36 months to help their businesses. The lenders can be your current loyal customers and hundreds of our own Linked Finance small lenders. Think about it, 250 small lenders lending you 100 euro each is €25,000. But more importantly each of these lenders has a real interest in your business and will seek to support it any way they can. This provides the business with a fantastic marketing opportunity as well as a great alternative to bank loans.
It can also increase your customer base and loyalty while you raise finance to grow your business.
Once you are approved on our system you can access Loans for
- Working capital
- New equipment purchases
- Sales & Marketing drives
- New market expansions
- Hiring new staff
Linked Finance can really help Small businesses in Ireland.
Written by Marc Rafferty. For more information visit www.linkedfinance.comSignup to Business Plan Template