Irish peer-to-peer (P2P) lending company Linked Finance has announced it has raised €75,000 for Murphy’s Ice Cream in Dingle, County Kerry. The funds were raised online in just under two days, and marks Ireland’s biggest P2P loan to date.
The loan will be used to help finance the fit-out of a new shop and show factory in Dingle.
Murphy’s Ice Cream was established in 2000 by brothers Sean & Kieran Murphy. Over the past 16 years their business has grown to having stores across Ireland, in Dingle, Killarney, Dublin, at the Cliffs of Moher, as well as in Palma on the Island of Majorca.
Since the introduction of its new fixed rate loan offering in August, Linked Finance has raised over €2.5 million for more than 80 companies across Ireland, and has faciliated over 600 loans to businesses all over Ireland.
Kieran Murphy, owner of Murphy’s Ice Cream, commented: “Making ice cream that puts a smile on people's faces excites me much more than raising finance. That being said, we need finance to grow, and the process with Linked Finance was straightforward and hassle-free. We raised €75,000 in less than 2 days, and we are very happy with the experience.”
Niall Dorrian, CEO Linked Finance said of the news: “The purpose of our platform is to support great Irish businesses, like Murphy’s, and provide them with access to funding so they can unlock the full potential of their business. Linked Finance presents a solution to the many negatives that are usually associated with getting a loan, our service is fast and clear, and our new fixed-rate loan system reduces uncertainty for borrowers, while speeding up the process of fundraising.”
Linked Finance has lent to more than 500 SME's to date.
© 2016 - Checkout Magazine by Donncha Mac Cóil