Connect for Intermediaries has announced the launch of a new unsecured lending panel.
Comprising Funding Circle, iwoca, Whitoak and Fleximise, the panel will be open to all of Connect’s AR members, and Connect will be able to obtain terms on behalf of other brokers as referrals.
Loans from £5,000 to £250,000 for up to five years will be available from 1.5 per cent.
Connect sales director Kevin Thomson says: “We have seen an increased demand for unsecured loans for trading businesses, as increasingly, brokers are coming to us with business clients who are looking to ease cashflow or expand their businesses.
“By launching our new panel, we are giving our brokers a comprehensive option of quality lenders who will lend on an unsecured basis.
“In our view, these four are providing what our members want so we have no immediate plans of adding any others, but we would not rule it out if volumes dictate,” Thompson adds.