Blue Sky awarded “Accredited Sponsor” by Business Loan Network
Blue Sky Corporate Finance was recently awarded the title of “Accredited Sponsor” by the Business Loan Network – ThinCats.com.
The Business Loan Network is an online market for secured business loans throughout the UK, linking experienced private investors with established business borrowers. Borrowers can obtain loans from £30k to £3m over periods ranging from 6 months to 5 years. ThinCats uses “Sponsors” (like Blue Sky) who work for the prospective borrowers, helping them to prepare their case for a loan, gathering the information needed and identifying the security requirements.
Kevin Caley, Managing Director, Business Loan Network commented “Working with well established and trusted companies like Blue Sky means that potential borrowers will benefit hugely from the experience and expertise they can offer. The success of the ThinCats.com Business Loan Network very much depends upon the high quality of our “Sponsors” and their ability to help reduce the risks involved for lenders.”
Through its website www.ThinCats.com the Business Loan Network operates an “eBay for business loans” bringing together syndicates of private investors who each lend a minimum of £1,000 to established businesses. By eliminating the bank profit margin both lenders and borrowers can share the substantial savings.
The role of “Sponsor” is unique to ThinCats; no borrower can have their loan auctioned without the support of an Accredited Sponsor, who must put their own reputation on the line. Blue Sky is only the third Sponsor in the UK to receive this status. Blue Sky takes its role as “Gatekeeper” to this innovative source of business finance very seriously. The success of ThinCats depends on establishing a reputation for providing low risk investment opportunities.
Paul Heaven, Managing Director, Blue Sky Corporate Finance said “We are very pleased to be associated with ThinCats.com and of course to have been awarded the title of “Accredited Sponsors”. We pride ourselves on knowing who is in the market for investing/lending to small and medium businesses, what sort of investment opportunities they are looking for and how best to approach them for finance.”