Aspen has provided £750,000 for a development exit loan for a project in Chedworth in the Cotswolds in 10 days, with the borrower returning for finance on a separate scheme.

Suros Capital has provided a £125,000 top-up loan to complete property renovations against a borrower’s wine collection.

Some digital loan processes lack “positive friction” and exclude necessary customer information, such as cost, according to the FCA.

Morpheus Lending has appointed Gerald Grimes (pictured above), to its board of directors, effective immediately.