Secured loan news
27/02/2009 - First European Securities funding
Nic Barron from First European Securities has today sought to reassure More4 Loans over their funding problems. He confirmed that since First European re-entered the secured loan market last summer a number of other lenders had restricted their criteria and funding levels which created a demand which FES could not meet. Nic Barron said that the next tranche of funding is expected within the next 10 days and they are hopeful that the backlog of completed secured loan cases can be cleared.
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