Success story: did you help buy an engine for this powerboating company?

Here’s our latest peer-to-peer lending success story. Saber Powersports is the largest powerboat experience company in Europe and offers adrenaline packed experiences from Shamrock Quay in Southampton. The business was started 25 years ago by ex National Powerboat Racing Champion, Simeon Penn.

They offer a range of attractions, through Red Letter Days and Virgin experiences, for the people looking for some thrills and spills on the water.

Their Funding Circle loan details

In May they became our latest  success story by taking out a peer-to-peer business loan through Funding Circle for £20k to buy an engine for a new jet boat. The new engine will not only increase capacity, adding one more boat to their fleet, but it will also give greater fuel economy too. Their loan was funded by 168 people in less than 7 days. In this video you’ll see some of the boats in action and Simeon also shares his experience of Funding Circle.