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1pm now offers on Mintos p2p lending marketplace the chance to select loans based on risk categories

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1pm is the latest loan originator to offer Mintos investors the opportunity to select its loans for investment based on loan risk categories. The inclusion of the risk categories will allow you to make a more informed investment decision and, therefore, increase your chances of success.

1pm was the first loan originator from the United Kingdom to launch on Mintos, offering its business loans for investment. Now you can select your investments in its loans based on its five risk categories which assess the likelihood of the borrower defaulting on their loan. The link between the borrower default rate and the risk categories is based on real-world statistics collected by a variety of credit agencies. These agencies collect extensive global credit reporting information and compare the company’s who default based on industry and size amongst other factors to forecast which company’s are the most likely to default within the next 12 months.

Category Scoring EABDR*
Very low risk 71 – 100 0.09%
Low risk 51 – 70 0.30%
Moderate risk 30 – 50 0.46%
High risk 21 – 29 2.32%
Very high risk 1 – 20 8.37%

*Expected Annual Bad Debt Rate

1pm bases its risk categories on the size of the business determined by the criteria of Companies House – a United Kingdom government department which incorporates and dissolves limited companies, examines and stores company information and makes it available for the public. Other factors taken into consideration when assessing the creditworthiness of a borrower is information on the business, commercial track records, directors, consumer track records, financial trend information, payment performance, company size, age of business, industry sector, geographical region and management and owners of the business.

The inclusion of the risk categories will allow you to make a more informed investment decision and increase your chances of success.

1pm was founded in 2000 and listed on the London Stock Exchange in 2006. The company offers many finance solutions to SMEs within the United Kingdom including asset and vehicle finance, hire purchase, commercial loans and invoice financing. It is dedicated to helping the United Kingdom’s economy grow by providing finance to businesses. The company joined Mintos in February 2018.

First loan originator from the United Kingdom launches on Mintos

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The first British loan originator launches on Mintos. 1pm is an FCA accredited non-bank finance provider which is publicly listed on the AIM market on the London Stock Exchange. The company provides various loan types to small and medium enterprises (SMEs) in Britain. On Mintos 1pm now offers business loans for investment in British pounds (GBP), and you can enjoy a net return of up to 11%.

1pm was founded in 2000 and listed on the London Stock Exchange in 2006. The company is dedicated to helping the United Kingdom’s economy grow by providing finance to businesses. It offers many finance solutions to SMEs within the United Kingdom including asset and vehicle finance, hire purchase, commercial loans and invoice financing.FCA,

1pm currently operates from eight sites across the United Kingdom. The company employs 170 people and has more than 16,000 small businesses as clients. 1pm offers its customers great flexibility, high-quality service and a personal approach. Based on customer surveys 1pm is seen as flexible, personal, trusted and fair.

“An important part of our strategic growth plan is to harness the benefits of financial technology. By joining the Mintos marketplace, we will now be able to accelerate the amount of loans that are originated by our business and to access retail global investors efficiently, a funding source that would be unavailable to us without this digital capability,” says CEO of 1pm plc Ian Smith.

1pm business loans from the United Kingdom on Mintos range from GBP 3 000 to 50 000. The repayment period is from 3 months to 5 years. Investors can expect a yearly net return of up to 11%.

1pm will maintain 10% of each loan placed on Mintos on its balance sheet. Loans from the company have a low level of risk, historically net bad debt has been less than 1% of its total loan portfolio. All loans from 1pm are secured with a personal guarantee from the owner or director of the company which the loan is provided.

1pm has a total lease, loan and invoice finance portfolio of GBP 130 million. The interim financial results for the six-month period that ended on 30 November 2017 for 1pm plc showed the group’s revenue increased by 74% to GBP 13.9 million. Profit before tax for the group increased by 77% to GBP 3.6 million.

According to the UK Alternative Finance Industry Report, the alternative finance market grew by 43% between 2016 to 2017. The alternative lending industry in the United Kingdom has become an essential way for SMEs to access funds. Currently, there are around 5.5 million SMEs in the United Kingdom which employ about 15.6 million people according to BEIS Business Population Estimates. During 2016 the alternative lending industry provided an equivalent of 15% of all new loans lent to small businesses by United Kingdom banks.

“The United Kingdom has one of the largest alternative finance markets in the world. We are very excited to have expanded Mintos into this geography by launching 1pm on the marketplace. The company is a great addition and offers investors on Mintos a new geography and further opportunities in GBP investments. We look forward to this partnership with 1pm and to seeing further partnerships arise in this market,” says Martins Sulte, CEO and Co-founder of Mintos.

Don’t miss out on this fantastic opportunity and invest in Britain-issued business loans from 1pm now!

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