Investment Partners

P2P Lending with Growth Street

Growth Street
Lily Bridgwood
Written by Lily Bridgwood

About Growth Street


Growth Street started with a clear goal of aiming to help great businesses grow by offering fairly priced, straightforward finance, as well as guidance to improve the financial procedures vital to growing businesses. They realised that many great companies were struggling to acquire the working capital finance they needed. To solve this problem, Growth Street offers GrowthLine, a combination of a revolving credit facility as an alternative to a bank overdraft and invoice financing.

Growth Street allows companies to access capital when they need it, repay when they want, and only pay interest on what they borrow, when they borrow. In order to offer the best possible price, they created a marketplace that matches borrowers with lenders. Crucially, the increasing use of accounting software, and secure data sharing via the cloud, allows them to offer credit on better terms to borrowers, and better manage the risk for lenders, while also simplifying the necessary administration.

How Does P2P Lending with Growth Street Work?


All loans with Growth Street are 30 days in length. When investors want to withdraw funds, they simply notify Growth to stop reinvesting capital in the marketplace. As borrowers repay, all of invested capital will be repaid into the holding account ready to withdraw.

Depending on when investors stop reinvesting, they will often be able to access funds quicker than 30 days. For example, a lender could have made a 30-day loan to a borrower on 1st October, which would therefore mature on 31st October. If that lender stopped reinvesting their money on 20th October, they should have access to all their funds when their loan matures, just 11 days later on 31st October.

Further, borrowers are free to repay loans at any time within the 30-day period, so investors can receive their funds before the maturity date of their loans. Following on with the example above, if the borrower repaid their loan in full on 25th October, the lender’s funds would be paid into their holding account on this date, ready to withdraw. Investments on the platform are often spread across many different borrowers, so lenders can receive their money back in several separate payments, as each borrower repays.

Why Lend with Growth Street?


Growth Street know it’s important to have all the facts to hand before making any investment decision. Transparency is essential. That’s why they display all the key statistics about their portfolio here for investors to read.

Investor Reward


Invest £2,000 for 1 year — Get a £100 bonus.

Claiming your bonus is easy:

  1. Register
    Arrive on this page using the offer link on the off3r.com website. Sign up for an account online.
  2. Invest and earn
    Invest at least £2,000 on the Growth Street platform for one year.
  3. Receive bonus
    We’ll credit your Growth Street account with £100 within a week after the anniversary of your first investment.
  4. Terms apply
    See below for further details.

How it works

All loans with Growth Street are 30 days in length. When investors want to withdraw funds, they simply notify Growth to stop reinvesting capital in the marketplace. As borrowers repay, all of invested capital will be repaid into the holding account ready to withdraw.

Depending on when investors stop reinvesting, they will often be able to access funds quicker than 30 days. For example, a lender could have made a 30-day loan to a borrower on 1st October, which would therefore mature on 31st October. If that lender stopped reinvesting their money on 20th October, they should have access to all their funds when their loan matures, just 11 days later on 31st October.

Further, borrowers are free to repay loans at any time within the 30-day period, so investors can receive their funds before the maturity date of their loans. Following on with the example above, if the borrower repaid their loan in full on 25th October, the lender’s funds would be paid into their holding account on this date, ready to withdraw. Investments on the platform are often spread across many different borrowers, so lenders can receive their money back in several separate payments, as each borrower repays.

 

Please visit Growth Street for more information on their investment opportunities. Your Capital is At Risk. 

About the author

Lily Bridgwood

Lily Bridgwood

Lily is the Partnerships Associate at OFF3R. She has previous work experience in both the corporate and start-up environments. She joined the OFF3R team in October having recently graduated with First-Class Honours in International Business from the University of Edinburgh.