Nevada News Reporter

Miami, FLA – Marcelo Castro Alves and Focus Investment Advisors proudly announces the results of the study from Oxford Economics about the lending marketplace.

The report, which tracked lending by Funding Circle, showed that from 2007 through 2017, Funding Circle provided £3.9 billion in gross value-added contributions to the GDP of those four countries, which means for every £1 million ($1.32 million) of loans issued via Funding Circle, it helped add £2 million ($2.64 million) to a country’s GDP.  What’s more, the report said the loans enabled an estimated 75,000 jobs at the end of 2017, with some 41,500 individuals finding direct employment from those small businesses that took out loans via Funding Circle.

What happened in terms of lending trends is predictable noted Marcelo Castro Alves.

Marcelo Castro Alves and Focus also noted that, in the US, the lending picture is quite similar. Small business loans in the US rose 68 percent from 2010 to 2017, but small business loans of less than $1 million, rose just 11 percent over the same period, according to the US Small Business Association. And of those small business loans, categorized as commercial and industrial, they actually fell to 20 percent from 30 percent. And the smallest loan category of $100,000 or less, fell to 9 percent from 13 percent in 2017.

Castro Alves also noted that the report showed that Funding Circle showed an 80 percent increase in new loans in 2017 to $509 million, up from $281 million the prior year. A Funding Circle survey showed that 50 percent of their customers first approached a bank and were rejected. Another 36 percent said the process took too long, a similar refrain from UK small business borrowers.

Ultimately, Castro Alves notes that the report paints an interesting picture of how the lending marketplace is changing the lending landscape and contributing serious economic and job growth in their respective markets. This is the goal for peer-to-peer lending platforms. Technological and financial innovation is giving businesses more outlets to choose from and truly changing lives.

About Marcelo Castro Alves: 

Marcelo Castro Alves and Focus Investment Advisors are registered investment advisers, specializing in investment advisory services for Non US residents. For more information visit www.focusinvest.net or contact Marcelo Castro Alves, CEFA.

Media Contact
Company Name: Focus Investment
Contact Person: Marcelo Castro Alves
Email: Send Email
Phone: +1 (305) 494-6551
Country: United States
Website: www.focusinvest.net