Lithuanian Marketplace Lender Finbee Adds Business Loans

Finbee currently offers consumer loans and has announced expansion into business loans for small and medium-sized enterprises (SMEs); the expansion follows a new law enacted by the government to support online lending and a license obtained by Finbee for the service; the SME loans will be sourced from a separate website; Finbee will offer SME loans for up to 15,000 euros ($15,911) with a 12 month duration; different from the consumer loans, Finbee will not be covering defaults from SME loans with its compensation fund.  Source

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