£100 million facility to support funding to SME businesses.

The Deal Coin Team are pleased to announce that after several months of working with Brieuc Investments an Instititutional Fund based in The Channel Islands we have received a Letter of Intent (LOI) to provide a revolving line of funding for SME businesses valued at £100 million.

The terms of the agreement, subject to final due diligence will enable businesses to apply for funding secured against their assets from £50,000 up to £1 million per application.

This is a significant step forward for The Deal Coin project and will enable the business to immediately start lending on completion of the lending platform technology and authorisation for the necessary licenses.

We are now moving forward with the completion of the platform development as we have to mirror the terms of the lending facility within the design of the platform. We forecast the platform will now go live by the end of Q2 2019.

At launch, businesses will be able to secure finance for a variety of purposes including property development, bridging loans and short term cashflow requirements.

One of the exciting elements of the funding facility will allow businesses with crypto holdings to secure fiat loans against their assets.

We are aware of the delays that this has caused but by focusing on gaining the facility to lend to businesses we are now in a very strong position to hit the ground running and provide the funding to businesses from day one.

We have decided to move our telegram community page to an announcements page which we will update regularly with our progress.

To keep up to date with our project please join the following group going forward https://t.me/thedealcoinchannel

Best Regards

The Deal Coin Team