Compare Peer To Peer Business Loans

Peer-to-peer funding is becoming an increasingly popular source for business finance
If you are looking for an alternative to traditional commercial loans providers, we can help you compare business peer-to-peer options
Check out the latest available terms and amounts and apply direct

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Funding Circle Business Loans

Funding Circle, supporting small businesses for over 10 years
Borrow £50,001 to £250,000 with the Government's CBIL scheme
Nothing to pay for 12 months - No upfront fees - No early settlement fees

See Deal

Choose your business loan type

Business Loans All business loan types

Asset Financing Secure finance against your assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

CBILS Coronavirus Business Interruption Loan Scheme

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Broker
Funding Xchange Peer-to-Peer Business Loans

Discover instant & personalised finance offers for your business in just 3 minutes

Compare Business peer to peer and other loan options from 45+ lenders, to save you time & money

Never pay more than direct & the search won’t affect your credit rating
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £1,000 to £500,000
- Available Terms
  1 month to 5 years
Company details

Funding Xchange’s free service matches your eligibility against over 50 lenders in seconds

Complete your application online in as little as 3 minutes and you could get funded in a few hours

It's simple, safe and free and the search won’t affect your credit rating

Eligibility criteria

Your business must have been trading for a minimum of 2 years

Your business must have an annual turnover of at least £100,000
See Deal More info

Suppliers that don't offer Peer To Peer Business Loans but may offer suitable alternatives:

Peer To Peer
Funding Circle

Borrow £50,001 to £500,000 with the Government's CBIL scheme

Nothing to pay for 12 months - No upfront fees - No early settlement fees

Simple online application & decisions typically in 24 hours

Rates between 1.8% and 7.4% APR
- Minimum Turnover
  £200,000+ p.a.
- Available Amounts
  £50,001 to £500,000
- Available Terms
  2 to 5 years
Company details

Funding Circle, supporting small businesses for over 10 years

Used by over 57,000 UK businesses

All Funding Circle do is small business, as a result 9 out of 10 of their businesses would come back first next time

Eligibility criteria

UK-based business - 3 years of trading history - Adversely affected by coronavirus

Loan primarily for trading in the UK

Annual turnover from £200K+ up to £45 million - Over 50% of turnover from trading activity (e.g. not from investments)
See Deal
Broker
EJ Finance

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  1 months to 10 years
Company details

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors

Eligibility criteria

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
See Deal
Broker
Swoop Funding

Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating

Experts in CBILS – borrow from £50k to £250k with no personal guarantee, no fees, no repayment for 12 months, no early settlement fee

Speak to Swoop's team of experts – five-star Trustpilot rated
- Minimum Turnover
  £200,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
Company details

Eligibility criteria
See Deal
Broker
Fluidly

Your business must be trading for 12 months or more to apply with us

Instantly see funding products your business is eligible for, from across the market (no credit checks)

A dedicated 5-star rated Funding Specialist on hand to support your application end-to-end (no hidden fees)

Range of products available including CBILS, unsecured loans and asset financing
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing

Eligibility criteria

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing
See Deal
Asto

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
- Minimum Turnover
  No minimum (must have positive cashflow)
- Available Amounts
  £150 to £150,000
- Available Terms
  6 to 12 months
Company details

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances

Eligibility criteria

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
See Deal
Fleximize

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Rates from 0.9% per month (10.8% per annum), with no additional fees
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £5,000 to £500,000
- Available Terms
  3 months to 4 years
Company details

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Apply online in minutes, receive funds in as little as 24 hours.

Eligibility criteria

Minimum annual turnover of £60,000 p.a.

Borrow between £5,000 and £500,000

Business activities must be UK-based and impacted by Covid-19
See Deal
Broker
THINK Business Loans

THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)

THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process

Find the perfect loan in minutes - Make the lender work for you
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £25,000 to £10,000,000
- Available Terms
  1 month to 30 years
Company details

Eligibility criteria
See Deal
Broker
Portman Asset Finance

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
Company details

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers

Eligibility criteria

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
See Deal
365 Business Finance

Your business must process credit and debit card transactions to apply for this product

A flexible business funding alternative

Cash advanced against card transactions

Pay back an affordable % of your card transactions
- Minimum Turnover
  £5,000+ card transactions per month
- Available Amounts
  £5,000 to £200,000
- Available Terms
  4 to 18 months
Company details

Get between £5,000 and £200,000

Pay back through your customer card transactions

A single all inclusive charge that never changes

No interest, APRs or hidden extras

Eligibility criteria

Your business must have been trading for at least 6 months

Your business must accept debit and credit card payments

Your business must take at least £5,000 per month in card transactions.
See Deal
Start Up Loans (British Business Bank)

Interest rate of fixed 6% per annum

Receive business mentoring and support after drawing down your loan

No application fees or early repayment fees
- Minimum Turnover
  No minimum
- Available Amounts
  £500 to £25,000
- Available Terms
  1 to 5 years
Company details

Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business

Start Up Loans have helped over 40,000 businesses get started in the UK

Free application support

Free post-loan business mentoring

Eligibility criteria

Business is based in the UK

Trading for under 24 months

18 years and over
See Deal

Also for Business

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Peer-to-Peer Business Loans FAQ

What are peer to peer business loans?

Peer to peer business loans usually involve a number of small investments offered by individual investors that add up to the total amount a business is looking to borrow. Instead of borrowing all the money from a single lender, finance will be made available through a collection of lenders who will put forward the money. This arrangement can help to reduce risk and increase returns for lenders and improve interest rates for borrowers, under some circumstances.

How are peer to peer business loans arranged?

These loans are usually arranged through online platforms that specialise in providing this kind of alternative financing for businesses. They work in different ways, including auction-style systems or arrangements where interested lenders can view the business applying for loans and simply select how much they would like to invest. The online platform usually doesn’t lend any money to businesses itself; it just arranges the loan on behalf of the parties involved.

How do I apply for a peer to peer business loan?

Applying for a peer to peer business loan is a very similar process to applying for a regular business loan. You will need to provide some information about your business, including its financial records, address, trading history, profits and turnover. The peer to peer platform will most likely carry out credit checks on yourself, other directors and on the business itself.

Is peer to peer lending the same as crowd funding?

Although these two new financing options are often confused, they can be quite different. Fundamentally, through peer to peer lending, you will access a loan, which you will need to pay back at some point. Crowd funding on the other hand usually involves a collection of individuals who donate to a project in exchange for a percentage of the profits, a gift or nothing at all. The money is not expected to be repaid in most cases.

Are peer to peer loans secured or unsecured?

Loans through peer to peer lenders are usually unsecured, which means you do not have to put security forward in the form of property or equipment, for example, when you take out the loan. You cannot therefore lose ownership of your house if you struggle to meet your repayment responsibilities. If you miss payments, however, you may still see your credit rating suffer.

In what circumstances might I want to consider taking out a peer to peer business loan?

Peer to peer lending, along with other forms of alternative business financing, is becoming extremely popular as a way to access funding without having to approach the big banks. Plenty of people like the idea of accessing finance easily through an online platform and having visibility over how the loan is arranged as well as the cost of the loan. Other borrowers might have a poor credit rating and may find it easier to find financing through alternative financial providers, such as peer to peer lending platforms, than through the high street banks.

However, as with any business loan, it’s important to do your homework and compare peer to peer business loans to ensure you find a deal that is affordable and carries the right terms for your requirements.