Business Loans
Peer To Peer Business Loans

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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Asset Financing Secure finance against your assets

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Secured Loans Loans secured against assets of the business

RLS Recovery Loan Scheme Coming Soon

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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
See Deal + More info
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

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

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
See Deal
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
Broker
THINK Business Loans

YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
See Deal
Company details
- Find the right loan to suit your needs from a range of finance types
- Check your eligibility without a credit check
- Dedicated FCA regulated experts on hand to support your application
Eligibility Criteria
- Find the right loan to suit your needs from a range of finance types
- Check your eligibility without a credit check
- Dedicated FCA regulated experts on hand to support your application
Ignite

Your business must be trading for 24 months or more

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £500,000
- Available Terms
  3 months to 10 years
See Deal
Company details
- Specialist provider of mutlidrawdown credit facilities
- Unsecured, flexible funding available for small businesses
- Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
Eligibility Criteria
- Specialist provider of mutlidrawdown credit facilities
- Unsecured, flexible funding available for small businesses
- Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
Broker
Fluidly

YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE

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 Recovery Loan Schemes, unsecured and asset financing
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £15,000 to £10,000,000
- Available Terms
  3 months to 7 years
See Deal
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 Recovery Loan Schemes, 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 Recovery Loan Schemes, unsecured and asset financing
Lombard

Lombard specialises in business car finance

Lombard offers a comprehensive range of asset finance solutions

A simple finance solution with a credit decision in 24 hours for transactions up to £150,000

Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
- Minimum Turnover
  No minimum
- Available Amounts
  Up to £150,000
- Available Terms
  1 to 7 years
See Deal
Company details
- Lombard is one of the UK’s oldest and largest asset finance partners
- They have helped thousands of businesses invest in their future’s every day
- Lombard have won Best Leasing and Asset Finance Provider at the Business MoneyFacts Awards every year from 2009 to 2018
Eligibility Criteria
Broker
Swoop Funding

Your business must be trading for 12 months or more

Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating

Free access every type of finance including the Recovery Loan Scheme

Speak to Swoop’s team of five-star Trustpilot rated experts
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
See Deal
Company details
Eligibility Criteria
Broker
Alius Finance Business Loans

Alius specialise in providing bespoke flexible finance for your business

Market-leading approval rates, no-obligation funding decision, typically within 24 hours

Flexible options available including interest-only and no early repayment penalties
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £10,000 to £2,000,000
- Available Terms
  3 months to 5 years
See Deal
Company details
- Alius specialise in providing bespoke flexible finance for your business
- Market-leading approval rates, no-obligation funding decision, typically within 24 hours
- Flexible options available including interest-only and no early repayment penalties
Eligibility Criteria
- Available to UK limited companies only
- Not available to start-ups
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
See Deal
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
iwoca

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £1,000 to £200,000
- Available Terms
  up to 12 months
See Deal
Company details
- Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies
- No fees or long term commitments
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
Eligibility Criteria
- Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies
- No fees or long term commitments
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
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 Recovery Loan Scheme account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
See Deal
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 Recovery Loan Scheme 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 Recovery Loan Scheme account managers
Nucleus

Fast service - receive your funding in 24 hours

Unsecured and secured business loans

7 products tailored to your business
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £50,000,000
- Available Terms
  3 months to 8 years
See Deal
Company details
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
- 7 products tailored to your business
Eligibility Criteria
- Fast service - receive your funding in 24 hours
- Unsecured and secured business loans
- 7 products tailored to your business
Start Up Loans (British Business Bank)

For businesses trading under 24 months

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
See Deal
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

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Published on 05 February 2019. Last updated on 30 March 2021.

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.