an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . february 2015 learn how and when to remove this template message a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . february 2014 learn how and when to remove this template message rebuildingsociety.com type limited founded united kingdom 2011 founder daniel rajkumar headquarters leeds england uk key people david powell nick moules julian wells products peer to peer lending website http www.rebuildingsociety.com rebuildingsociety.com is a leeds based peer to peer lending platform focusing on finance for small and medium businesses . the company was launched in 2012 by daniel rajkumar . 1 the first loans were completed in february 2013 . 2 contents 1 operation 2 potential returns 3 risk and regulation 4 pensions and isas 5 growth prospects 6 references 7 external links operation edit the rebuildingsociety.com website operates as a lending platform by allowing approved businesses to publish a loan application . 3 investors can subscribe to parts of the loan after assessing the business s information committing an amount of their choice with an interest rate of their choice . rebuildingsociety.com was one of the first platforms globally to have gained market traction for peer to business lending . 4 research by rebuildingsociety.com in late 2013 found sme owners were still largely unaware of peer to business lending and rely on personal borrowing to support their businesses . according to the study about 290 000 sme owners would use their personal credit cards to raise money similar numbers will borrow from friends and family and about 500 000 sme owners will be remortgaging their own home . 5 potential returns edit because investors choose which businesses and at what rate they lend returns can vary considerably . as of january 12 2014 the average interest rate payable to lenders from 25 loans completed was 15.57 % gross . earnings are reduced by any defaults which are forecast to be up to 7 % depending on the risk appetite of the lender . 6 27th september 2016 from a former lenders perspective i have found that actual default rates on this p2b platform to be greater than 15 % of current loan book value yet this headline figure has been artificially lowered during 2016 through the introduction of a mathematical equation which re bases the actual default figure to slightly under 10 % there are now hypothetical recovery figures presented on the individual lender dashboards and these are presented default specific to a lenders own portfolio . lender terms and conditions were also revised and instituted during 2016 the two changes were met by lender disapproval . these changes were enacted at a time when platform default rates were rising steeply . rebuildingsociety.com also advocates the lending of money between businesses to create a sustainable economy for businesses with the opportunity for lenders to potentially earn high returns . in december 2013 it researched the business savings rates market to further illustrate the point 7 risk and regulation edit as with other lending sites including funding circle if a borrower fails to fully repay the loan the lender risks losing money invested . defaults can be expected and lenders should understand that any recovery process may be lengthy and even then there is no guarantee of success . rebuilding society s borrowing criteria and acceptable security offering up to and including 50 000 is less onerous than that of other p2b lending sites . to mitigate this investors are encouraged to give very careful consideration to each lending prospect by accessing and properly assessing both free and pay to view data sources external to the rebuilding society lending site itself . given the higher risk nature inherent to p2b lending fund allocations will take time and should be made with a view to diversity . owing to the essential requirement to perform detailed background research into the viability of lending prospects this site may be best suited to sophisticated investors and not ordinary retail investors with limited financial analytical skills . the financial conduct authority successor to the financial services authority is to regulate the peer to peer lending industry from april 2014 . 8 pensions and isas edit in 2014 the uk government announced it was considering setting up a separate tax free individual savings account isa for people who want to lend out money . the new isa would be for people who lend money via peer to peer p2p borrowing sites such as rebuildingsociety.com . 9 in january 2015 rebuildingsociety.com announced a new partnership with sippclub which will allow qualifying rebuildingsociety investors to invest through a specially designed self invested personal pension sipp . the platform s investors will be able to invest via an evolutionsipp . all investments made through a sipp are tax free meaning participating investors will stand to recoup higher rates of interest through the rebuildingsociety platform . 10 growth prospects edit the uk industry is set for rapid growth as one in four savers is ready to invest according to industry research undertaken by rebuildingsociety.com . 11 non bank lending grew at its fastest rate since 2008 in the year to october 2013 with over 10.5 bn of credit arranged through peer to peer lending invoice discounting asset finance and leasing . 12 rebuildingsociety.com passed the 1m of lending mark in october 2013 13 rebuildingsociety.com also offers a licensed version of its technology to other businesses looking to break into the peer to peer lending industry through white label crowdfunding . in august 2013 it announced its first three clients . 14 it has since signed a contract to provide a new platform for thincats in the uk and in australia 15 as of 14 august 2014 total advances stood at around 3.5 m 16 while in january 2015 it passed 5m of loans completed . 17 references edit bernard ginns 20 august 2012 . funds website aims to cash in as firm favourite . yorkshire post . ian briggs 19 february 2013 . rebuildingsociety.com gives boost to businesses . the business desk . rachel lacey 18 july 2014 . peer to peer providers compared . moneywise . art patnaude 27 march 2013 . crowdfunding takes hold in the u.k . the wall street journal . kathryn hopkins 8 february 2014 . smes can use more small business lenders . the times . elaine moore 26 july 2013 risk and reward in the p2p revolution . financial times . helen loveless 8 december 2013 . lend to other firms to earn top interest . the mail on sunday . jonathan moules 7 december 2012 . government boost for peer to peer lending . financial times . bbc news 17 october 2014 . government to consult on new peer to peer lending isa . bbc news . ryan weeks 8 january 2015 . p2p pension products proliferate . altfi news . suzan uzel 4 june 2013 . savers ready to invest in new peer to peer industry . yorkshire post . andrew bounds 22 october 2013 . non bank lending to small businesses at highest level since 2008 . the financial times . angel news 25 november 2013 . rebuildingsociety.com facilitates over 1 million of loans to smes . angel news . ellie newton syms 30 august 2013 media buzz turn key ; rebuildingsociety.com ; refractiv ; dinosaur pr the business desk georgina mccreadie 18 november 2014 . rebuilding thincats . altfi news . wanda rich 14 august 2014 . rebuildingsociety marks unprecedented month as loans soar to 3.5 m . global banking and finance . nick moules 29 january 2015 . rebuildingsociety passes 5m of loans . rebuildingsociety.com . external links edit rebuildingsociety.com website retrieved from https en.wikipedia.org w index.php title rebuildingsociety.com & oldid 741496534 categories peer to peer lending companiescompanies established in 2012companies based in leedshidden categories articles with a promotional tone from february 2015all articles with a promotional tonewikipedia articles with possible conflicts of interest from february 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 27 september 2016 at 21 33 . text is available under the creative commons attribution sharealike license ; 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