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08/04/2021
Sneakypeer Newsletter Week 14
Welcome back to the Sneakypeer newsletter! Below you will find industry news from last week.
The UK launches the Recovery Loan Scheme
The UK government has recently created a scheme to support businesses that have suffered significant losses during the Covid-19 pandemic- the Recovery Loan Scheme (RLS). Launched on April 6, individual businesses will now have the chance to access loans ranging from £25,000 up to a maximum of £10 million. Striving to provide businesses with a successful recovery, the RLS will additionally offer a variety of products to select from: term loans, overdrafts, asset finance, and invoice finance, as well as other valuable features.
In order to apply for the RLS, several criteria must be met: businesses have to show proof of being affected by Covid-19, must be based in the UK, and are obliged to take viability, credit, and fraud checks. Businesses will be able to benefit from the RLS all throughout 2021.
EstateGuru introduces new features within its secondary market
EstateGuru, a crowdfunding platform based in Estonia, has recently announced a new feature, bulk buying, available to its secondary market participants. Users can now simultaneously select multiple claims and buy them all at once, immediately adding them to their investment portfolio. The platform has also made changes to its portfolio page and account statement, displaying primary and secondary market investments in one single page, as well as combining all transactions in a unified list.
