Loanable Demonstrates Remarkable Growth Amidst Rising Loan Rates

UK lending broker, Loanable, announces its successful levels of growth during its first financial year, despite rising loan rates. This includes 100 monthly loans on average, totalling £40 million in value for the year.

United Kingdom - September 1, 2023 —

Loanable, a UK-based lending broker, proudly announces outstanding growth during its inaugural year, showcasing resilience and adaptability in the face of rising loan rates. With an impressive record of brokering ~40 million in loans within its first year, Loanable continues to set ambitious targets for the future and meet the evolving needs of its clientele.

First-Year Milestones and the Drive Ahead

During its first trading year, from July 2022 to June 2023, Loanable successfully brokered an average of 100 monthly loans, totalling a £40 million in annual value. Emboldened by this achievement, the company has set a goal to broker £65 million during its second trading year.

As the financial landscape shifts, with first-charge lending tightening in criteria and the ongoing cost of living crisis, Loanable has observed a surge in demand for debt consolidation loans. "Our ability to swiftly adapt to market changes and cater to the growing demand for debt consolidation loans exemplifies our commitment to our clients," commented Kevin Tilley, Managing Director of Loanable.

Team Expansion Echoing Business Growth

From its inception in July 2022, Loanable has grown its team to 28 members, including 14 dedicated advisors. This rapid expansion underlines the company's forward momentum and commitment to providing top-tier services to its clients.

"The growth we've experienced in our team is a testament to our vision and mission," [Kevin Tilley stated. "We're gearing up to expand our team to at least 40 members in the coming year, further enhancing our capacity to serve our clients."

About Loanable

Established in 2022, Loanable is a premier lending broker situated in the North West. Focused on delivering customised secured loan solutions, from bad credit secured loans to home improvement loans, Loanable has rapidly made its mark in the lending industry.

For more information about Loanable use the contact details below:

Contact Info:
Name: Anthony James
Email: Send Email
Organization: Loanable
Address: The Old Rectory, Winwick, Warrington WA2 8LE
Phone: 01925 988055
Website: https://loanable.co.uk/

Release ID: 89105869

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