I believe in the amazing power of a new type of business finance: Peer-2-Peer lending with Flender.ie

Jamie Heaslip - October 2018

I want to help Irish entrepreneurs grow their businesses, which is why I invest in business loans through Flender.ie.

Flender is a leading Irish Peer-2-Peer lender that’s changing the future of business finance. Flender’s online platform brings borrowers together with investors and cuts out the time and paperwork you’d normally associate with getting a business loan. And their process is so fast they’re able to fund business loans in as little as 24 hours.

Flender can fund business loans in just 24 hours

Get a Flender loan

I’ve already backed 20 Irish businesses through Flender, and these businesses have created more than 50 jobs with the growth they’ve achieved.

Investing in Irish businesses is important to me. So much so that I’m willing to put my money where my mouth is and help fund your business through Flender.ie.

10 for 10 with Flender.ie

Simply sign up now, complete your business loan application, and I’ll back 10 of my favourites… one each week for the next 10 weeks.

Jamie Heaslip

Investor and supporter of Irish SMEs

Start now and your business loan could be funded in just 24 hours

Get a Flender loan

Funds transferred in 24 hours
Faster than any other lender
Easy online application
Same day decision
No paperwork

FAQ

Who can use Flender?

Flender is open to any business who wishes to secure funding where a set of audited accounts are available. Lenders can be resident anywhere in the world. Borrowers who create Flender campaigns need to hold residence in Ireland. Anyone that meets the affordability and credit check requirements is eligible to launch a campaign on Flender. In order to create a campaign, the borrower must meet the following requirements:

If you are a sole trader, you must be a permanent resident of Ireland.
If your business is a partnership, it must have a permanent place of business in Ireland and at least half of its partners must be permanent residents of Ireland.
If your business is a limited company, it must be registered with the Companies Registration Office (CRO). It must have filed accounts with the CRO.
Your business must have been actively trading for at least the past two years.
Your business must meet our minimum credit risk and fraud criteria.

Why borrow using Flender rather than a bank?

At Flender, we believe that traditional methods of financial borrowing are outdated, imbalanced and impersonal. We felt there was an opportunity to create an alternative method of lending that gave borrowers more control over how they borrow and an opportunity to get more than money from the transaction: loyalty and increased trust.
Our goal was to develop Peer-to-Peer lending network that would allow businesses to raise funds from lenders within their own social circle and customer base, and investors willing to lend to them. Our loans are funded by a community of thousands of investors, comprised of institutions and over 5,000 people, all looking to lend to Irish businesses like yours. Our approach means that borrowers can access fast and affordable finance, and lenders can safely lend to creditworthy businesses and people they know and trust.
Flender’s purpose is two-fold:
1. Lenders can bid on which campaigns they would like to back, whilst earning more interest than a standard savings account.
2. Borrowers can raise funds whilst sharing their story with people whom they already have a connection. While doing this we provide a layer of security and structure to the process that ensures both borrowers and lenders are protected.

What documents do Flender need from me?

ID & Address Confirmation
Trading accounts for the past 2 years
Bank Statements (last 6 months)
Tax Clearance Certificate

How safe is borrowing on Flender?

All borrowers go through affordability and credit checks before their campaign is eligible for participation. A successful campaign requires signed contracts by all parties before proceeding.

Flender loans and activities are subject to the laws in the country of the origin of the relevant campaign.
At Flender, we are committed to keeping your information secure and in protecting your privacy. You can read more about this in the privacy policy section of our Customer agreement.

How do I get started?

Getting started on your funding journey is easy. Just click “Get a Flender loan” anywhere on the website. Once registered you can begin creating your profile.

How much can I borrow and how long is the repayment period?

Businesses can borrow between €15,000 and €300,000 for terms of up to three years. The amount that you wish to borrow, interest rate and the repayment period can be chosen by you. All borrowers are subject to affordability and credit checks to ensure that they are financially able to meet the loan repayments.

See more borrower FAQs

“We didn’t want to lose any time in seizing a market opportunity and Flender funded us within 24 hours. This is a game changer for SMEs wanting to get on with growing their businesses right away.”

Lorraine Scroope, The Hire Lab

“Flender has really helped our small business by offering backing with finance opportunities. It has greatly boosted our confidence in our growth and enhanced our belief in what we want to achieve with our brand. I would highly recommend Flender to anyone looking to scale their business. With easy to deal with staff and help along the way, they really make the whole process quick and painless. ”

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Jamie Heaslip: Why I’ll be supporting 10 Irish businesses over the next 10 weeks