Peer-to-Peer Lending

Peer-to-peer lending is one of the newest forms of finance.

For you, as the borrower, the loan or other lending product operates just as a more traditional facility would. The difference is that the capital to fund your loan is not coming from the loan originator, but from 'the crowd'.

Things to consider when borrowing via a peer-to-peer platform are:

• Does your loan have to be advertised to the crowd before the loan money can be available?
• Is there likely to be a period of delay while the loan is filled?
• Is the combination of fees to the platform and interest rate that you will pay to the crowd competitive?

There are a good number of well-established peer-to-peer lending platforms available now and many of them have sufficient funds available to provide competitively priced loans without any delay. Often, the decision making process is quicker than if you were going through a traditional bank.

Talk to us about whether a peer-to-peer loan could be right for your business.