Peer to Peer Loans

Another relatively new addition to the suite of finance available to businesses. Peer to Peer Loan Networks are effectively platforms that enable members of the public to get together with other lenders and provide funding to SMEs.

The funding process operates as an online reverse auction, to ensure the client secures the best possible rate.

There is huge demand amongst private investors to lend to viable businesses, and auctions for our clients have frequently been fully funded within 10 minutes!

For sums up to £100k, corporate security is rarely required, but the directors will have to sign personal guarantees. This makes these smaller loans very quick to arrange, as there are minimal forms to sign, and no need to involve your Bank’s security department (as their existing security is not disturbed).

To potentially qualify for a loan, a business needs to be viable (be able to demonstrate the loan repayments can be met), and have two years filed accounts.

We have been successfully arranging Peer to Peer loans for our clients since the loan networks started trading, so we have a strong track record. Our success rate is close to 100% as we have significant experience of how to structure a loan application, and therefore understand what the underwriters are looking for.

If you think this might be a suitable solution for your company, please get in touch.