Pulse College seeks €60k in largest peer-to-peer loan

Creative media education provider Pulse College is seeking to raise €60,000 to expand the business in Ireland's largest ever peer-to-peer loan.

Pulse College intends to use the loan to invest in cutting edge film and gaming equipment and facilities at its premises which also houses the infamous Windmill Lane Studios, sometimes known as ‘U2 studio’.

The college is raising the funds through peer-to-peer company Linked Finance, which facilitates peer-to-peer lending for Irish businesses with a minimum of two years in business in every sector and every county.

Peter O’Mahony said the deal marks “ a significant milestone” for Linked Finance.

“ The perception of peer-to-peer has evolved rapidly in the past year and it is now a mainstream alternative to banks for large loan requirements in the SME market,” he said, adding that “ Linked Finance bridges that gap and brings the added advantage of creating a community of active investors in Ireland’s recovery and the companies we have worked with can certainly attest to this”.