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Best Options for Peer-to-Peer Business Loans

Peer-to-peer business loan options include loans from Funding Circle. You'll need fair credit to qualify.
Written by Jackie Zimmermann
Edited by Kim Lowe
Last updated on September 20, 2021

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While shopping for small-business loans online, you’ve likely come across companies that specialize in peer-to-peer business lending.
What is peer-to-peer, or P2P, business lending? Peer-to-peer lenders underwrite borrowers but don’t fund the loans directly. Instead, they’re an intermediary between the borrower and an individual or institutional investor such as a hedge fund or investment bank.
To help you decide if P2P is the best option for your business, we break down Funding Circle below, which caters to established small-business owners with fair credit. If your credit score falls below 600 and you need an influx of cash, check out our recommendations for bad-credit business loans.

How much do you need?

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We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Here is 1 peer to peer business loan

Lender
Best for
Max loan amount
Min. credit score
Next steps

Funding Circle - Online term loan

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Best for Businesses looking to grow$500,000660

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Our pick for

Businesses looking to grow

Funding Circle has no minimum revenue requirement, and with access to higher loan amounts, you can use the funding for growth-related expenses including equipment, renovations and refinancing debt.

Funding Circle - Online term loan

Read Review

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Max Loan Amount
$500,000
Min. credit score
660
Est. APR
10.64-31.85%
Funding Circle is an option for established businesses that are financing an expansion or refinancing debt.
May fund quickly

How Much Do You Need?

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» MORE: Peer-to-peer personal loans

Find and compare small-business loans

NerdWallet has a list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.
Last updated on September 20, 2021

To recap our selections...

Best Options for Peer-to-Peer Business Loans