New business finance aggregator launches

ONLINE business finance brokers Sorodo have launched a new financing platform that will include peer-to-peer lenders among the funding options it presents to businesses.

The new platform, called Capalona, aggregates a variety of funding options including secured and unsecured business loans, invoice and asset finance, and merchant cash advances.

Small- and medium-sized businesses can receive quotes from several alternative business providers by completing an enquiry form, stating which type of financing they require and how much they wish to borrow.

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National and regional finance providers are listed on the platform, ensuring that businesses have the most expansive amount of choices possible.

“The awareness in the business cash advance market is only just coming into the UK, and this has been an educational process for businesses,” said Rich Wilcock, co- founder and director of Sorodo. “It’s a very exciting time.”

Capalona currently has 40 lenders on its platform, with around a dozen more added each month.

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