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Trading Update

In the 18 months since we made our first loan we have achieved excellent progress towards our goal of £5 million by the end of our financial year. Our lending total stands at £3.8 million, with a steady pipeline of new business opportunities through our expanding...

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Interest rate cut taxes hard-pressed savers

Local investment can earn 4 or 5 times more than the new interest rate return. The record low interest rate announced by the Bank of England last week will hit savers hard according to Jerry Rihll, a director at Exeter based Bricks Finance. He said that there is a...

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Trading Update

Portfolio review: Bricks has made ten loans since its start, almost 18 months ago, totalling just over £2 million. Two of the ten loans (total £190,000) have already been repaid in full, whilst another two (total £600,000) are due for repayment by the end of June. We...

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Lending — Balance Sheet vs Intermediary?

Most marketplace lenders are intermediaries, not principals. They originate loans for investors, not for their own balance sheets — i.e., they retain no credit risk. Intermediaries, it is said, lack ‘skin in the game’ full alignment with the providers of capital. This...

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Bricks Finance is introduced to the business community

Intermediaries hear of ‘extraordinary opportunities in the alternative finance market’. Representatives from the South West financial community including financial advisers, corporate finance specialists, developers and banks attended a breakfast event on Tuesday to...

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New South West Lending Business

A new lending business has been started in Exeter by four well-known and highly successful local business people. Bricks Finance Limited will fill a gap in the market for swift, bespoke asset-based lending to local high net worth individuals and businesses based on a sensible, rapid and transparent approach.

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