Irish businesses apply for finance through GRID Business where our team undertake a robust credit assessment. The business must receive a minimum GRID Score before being made available to GRID Wealth clients to make a lending offer. As a GRID Wealth client, you can lend as little as €5 to as much as 50% of the loan amount. You set the loan interest rate which can range between 5% – 15%. Loans are repaid monthly, principal plus interest, directly to your GRID Wealth account. The GRID Team acts as the intermediary between both parties, managing the loan book throughout the term of your loan portfolio.
Peer-to-Business lending gives investors an average of 9% return depending on risk profile.
Investors begin earning returns within one month, and every month thereafter, for the term of the loan.
Peer-to-Business lending investment performance is highly uncorrelated with stocks or bonds and can be widely diversified across industry sectors and risk profiles.
Loans are repaid monthly meaning that your investment in a 36-month loan will liquidate by 1/36th every month, made up of principal plus interest.
Since conception, there has been 0.55% defaulted loans on the GRID, with a prudent 1.5% default rate forecast over the long term.
Lending to SMEs via peer-to-business lending allows you to support businesses in Ireland while earning a return on your investment.
You can choose to manage your own investment or instead avail of GRID’s complimentary managed account service.
The GRID Team will be on hand to help in either instance. For more information on joining our Managed Account Lenders, download our prospectus:
Customer funds are safely held within a central bank of Ireland regulated bank account and can never be accessed through the GRID Finance platform.
GRID Finance are committed to ensuring that your data is secure at all times by adhering to the data protection laws (1998, 2003) and the European Union e-Privacy directive which became law in Ireland in 2011.
Your information is encrypted right from registration. We use the latest 256-bit encryption to ensure that your information is always safe.