Lending has been steady in the first half of this year with strong lending to community pubs and creative/ media and publishing businesses. Our 2018 Half Year Review reports that we released 10 loans totalling £367,000 from the funds we manage in the first six months of this year, directly benefiting an estimated 1,500 people involved in co-operatives and community businesses.
Tim Coomer, Business Development Manager, said: “The first six months of the year have been positive. We have seen a slight dip in the average size of loan but number of loans released is up against this time last year. Summer has been unusually busy for us so we are expecting strong borrowing for the next six months.”
An impressive 85% of our borrowers say we would be their first choice for another loan, if they needed one. This was one of the most striking results of our annual customer survey.