Thin Cats attracts a fat cat
Peer-to-peer lender Thin Cats has arranged close to A$2 million of loans in its first year of operation.Thin Cats is a specialist lender to small business. Borrowers must apply through a "sponsor" - a licensed finance broker - who vets the applicants and helps them prepare their documentation.The company said it had a total of 250 wholesale investors (lenders) and finance brokers on its platform.Borrowing rates are "generally between 12 per cent and 15 per cent."Thin Cats said in a media release that finance commentator Alan Kohler had come on board as a shareholder.