Commercial Finance
Peer to Peer Commercial Loans
As traditional sources of finance become harder to attain, a new type of lending where people lend as a collective - called peer to peer lending - has emerged. Today you don't have ot get a loan from a bank but you can actually borrow up to £250,000 from as a peer-to-peer loan i.e. borrowing from many different people, not banks. The loan works exactly like a regular loan and though your "Lenders" will be hundreds of individual investors, you won't deal with this and all you'll see is one loan amount and have one regular payment to make, just like with a bank loan.
With the middleman cut out, rates can be far more competitive that you would get at a bank so it's certainly wirth investigating. Other advantages include:
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Quick and easy application process taking just 20 minutes to complete and a decision on eligibility within 2 days
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Rapid turn around time with loans available in just a couple of weeks
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Secured and Unsecured loans available (though for unsecured, personal guarantees may be required)
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Because investors are competing to lend to you, you get competitive rates
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Business Loans are over 1 or 3 years with no Early Repayment Charges
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Up to 100% Asset Finance available (for assets between £79k and £225k in value)
To learn more about your options with a peer to peer commercial loan, get in touch with us today and we will walk you through the requirements.
Peer to peer commercial loans
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