London-based Equifinance offers its secured loans — often called second mortgages or second-charge loans — through a UK-wide network of brokers. Working with more than 100 partners, the company provides loans to customers including the self-employed and those who have previously experienced financial difficulty, taking into account individual circumstances rather than using automated credit scores. Founded in 2010, Equifinance has lent in excess of £100m to more than 5,000 applicants since it started trading in 2012. It now has more than 2,500 customers and a loan portfolio of £81m. Led by directors Tony Marshall, 53, and Chris Payne, 50, the company’s turnover, representing its interest fees, reached £6.8m in the year to August.
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