Funding Circle has doubled its business development team to cope with growing demand after lending £53m in Q1 2014.
Joining are property expert James Gibbs coming from Wellesley where he specialised in development finance, having worked in the industry for over 12 years; Jeremy Crinall, an asset finance specialist with seven years’ experience, joins from Econocom, while Sandeep Parekh joins from BNY Mellon after five years.
Laura McMullen, business development director, said: “We continue to see considerable interest from the intermediary market across all of our products.
“We’re very excited to have three new members of the team, particularly following the recent extension into loans for small businesses who develop or invest in property.
“As we continue to smash lending milestones, and peer-to-peer lending moves fully into the mainstream, we are ensuring we keep up both with the demand from our introducers by expanding the team.”
Funding Circle has experienced a surge in enquiries from intermediaries over the last six months, with many enquiring about new property finance products.
Since its launch in 2010, Funding Circle has helped more than 4,000 businesses borrow more than £270m.