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10 companies source lending through crowd funding
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10 companies source lending through crowd funding

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A peer-to-peer lending, or crowd funding, facility has helped 10 agriculture and farming companies obtain €250,000 of funds over the past 18 months.
A peer-to-peer lending, or crowd funding, facility has helped 10 agriculture and farming companies obtain €250,000 of funds over the past 18 months.

Linked Finance matches companies looking for funding with willing “responsible” investors.

Borrowers can get loans with an interest rate of as low as 7.9%, while lenders can get returns as high as 15%.

The 10 farming and agriculture companies which have drawn down funding through Linked Finance are:

  • Killowen farm, Co Wexford – Yogurt production.
  • Mossfield farm, Co Offaly – Organic cheese and milk production.
  • Tinahely farm, Co Wicklow – Children’s activity barn and cafe.
  • Adare Farm, Co Limerick – Beef/pigs/ice-cream, milk and catering.
  • Castlemine farms, Co Roscommon – Beef/lamb/pork/ecommerce/farm shop.
  • Old MacDonnell’s farm, Co Wicklow – Award-winning yogurts.
  • Carrigbyrne farmhouse, Co Wexford – Farmhouse cheese.
  • Mullagha Farm, Co Meath – Award-winning Boyne valley blue cheese.
  • Inagh farm, Co Clare – Farm tours and visitor centre and tourism and St Tola cheese.
  • Feighcullen Farm, Co Kildare – Poultry processing equipment for plant.
  • Linked Finance founder Peter O’Mahony said: “Businesses across the agri [and] farm food production sector in Ireland are now in growth mode and the economy needs these businesses to thrive as we recover fully. A key part of that recovery is access to reliable credit on good terms and available quickly.

    “Businesses need a quicker turnaround and easier process than what the traditional banks usually offer. Peer-to-peer lending bridges that gap and brings the added advantage of creating a community of active investors in Ireland’s recovery.”

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