Construction BUSINESS

Irish Construction Companies Raise Over €3.5 Million Through Linked Finance

 Breaking News
  • Government Funding of €10 Million For Energy Efficiency Design Projects The Sustainable Energy Authority of Ireland (SEAI) is now accepting applications from organisations planning an investment in a new design project or major energy upgrade. The Minister for Communications, Climate Action and Environment Denis Naughten TD, secured an allocation of €10 Million in Budget 2018 for the Excellence in Energy Efficient Design (EXEED) programme. The €10 million allocation will be used to [...]...
  • Minister for Housing, Planning and Local Government to Open National Construction Summit – 2nd May, 2018 – Citywest Convention Centre, Dublin Eoghan Murphy TD, the Minister for Housing, Planning and Local Government, will make the opening address at the 2018 National Construction Summit, being held on Wednesday, 2nd May at the Citywest Convention Centre, Dublin. The 2018 National Construction Summit is expected to attract more than 2,000 visitors, from across the country. The Minister for Housing, [...]...
  • Ecocem Rebrands Ecocem Ireland and Ecocem GB have launched a new brand. Ecocem is Europe’s largest independent specialist producer of GGBS (Ground Granulated Blastfurnace Slag) cement with a capacity of 2.4 million tonnes. Significant developments in the organisation have seen a growing interaction across its operating regions in Ireland, Holland, France, UK and Sweden, as well as the [...]...
  • Where are Ireland’s Construction Workers? The Central Bank of Ireland has published a signed article from the second Quarterly Bulletin of 2018, published on 12 April 2018. The article, ‘Where are Ireland’s Construction Workers?‘ by Thomas Conefrey and Tara McIndoe-Calder, considers the decline in construction sector employment in Ireland during the economic and financial crisis that began in 2008. One in [...]...
  • RIAI Registered Architects Open Their Doors For Annual Partnership With Simon Communities One of the country’s best-known architects, Dermot Bannon, was on hand recently to launch the RIAI Simon Open Door campaign, aimed at raising funds to help tackle the housing and homeless crisis. Now in its 14th year, the campaign will run from Monday, 14th May until Sunday 20th May. As part of the annual partnership between the RIAI and [...]...

Irish Construction Companies Raise Over €3.5 Million Through Linked Finance

Irish Construction Companies Raise Over €3.5 Million Through Linked Finance
March 20
09:40 2018

Linked Finance, Ireland’s leading peer-to-peer (P2P) lending company has raised over €3.5m for Irish construction businesses. 34 Irish construction firms including Farranconnor Building Products in Cork and Cairn Construction in Wicklow have raised funds through Linked Finance’s online lending platform (www.linkedfinance.com). Cairn Construction raised €30,000 through the platform to invest in machinery to facilitate business growth.

Based in Grange-Con, Co. Wicklow, Cairn Construction is a leading specialist stone contractor producing high-quality cladding, paving and hard-landscaping solutions. Founded in 2010, at the height of the recession, founders Cathal Fanning, Myles Jordan and Haxhi Ferati have over 15 years cumulative experience in construction projects. Cairn Construction counts Trinity College, Kilmainham Civic Space, George’s Quay and the Dublin Bike Scheme, among an impressive client list. As the business grew, investment in additional machinery, and a fast and flexible source of finance to make this investment possible, became a priority.

Niall Dorrian, CEO of Linked Finance, comments: ‘The construction sector in Ireland has seen particular growth in the past number of years, in line with economic growth and the increased need for residential and commercial property. Supporting the sector is essential to the success of the broader Irish economy. Our platform connects Irish businesses with lenders who recognise the enormous potential and want to invest in them. We pride ourselves on providing an alternative to traditional bank lending, the Linked Finance model is fast, efficient and transparent, allowing Irish businesses to take control of their finances and meet their objectives. This is a model that works, and the number of construction firms who have completed multiple loans on the platform is testament to this.”

Cathal Fanning of Cairn Construction says: “We found that more traditional sources of finance just weren’t conscious of our needs as an SME. After a difficult start in finding the ideal source of finance for our business, we were delighted that Linked Finance were able to offer us a loan quickly – they listened to our needs and delivered on them.”

Over the past four years, Linked Finance has helped raise over 1000 loans for businesses all over Ireland. Linked Finance has supported 34 different construction businesses in Cavan, Dublin, Cork, Galway, Kerry, Kildare, Longford, Louth, Meath, Offaly, Tipperary, Waterford, Westmeath, Wexford, Wicklow, raising a total of €3,624,810 over 60 loans.

Linked Finance brings a new viable alternative to borrowing from the banks, where people with savings can connect and lend to trustworthy businesses that wish to borrow. Linked Finance allows lenders to make a difference to Irish businesses and earn better interest rates while businesses are free to keep their focus on growing their business.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • April 23, 2018Intermat
  • April 23, 2018World of Concrete Europe
  • April 25, 2018Moldconstruct
  • April 25, 2018Materials
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements