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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Last updated on 16 June 2022.

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.

Compare Peer To Peer Business Loans

1 product found
  • Funding Xchange Peer-to-Peer Business Loans logo
    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
  • Suppliers that don't offer Peer To Peer Business Loans but may offer suitable alternatives:

    • Nationwide Finance Business Finance logo

      Nationwide Finance Business Finance

      • Nationwide Finance help 35,000 businesses get finance each year
      • Direct funder - not a broker
      • Same day decision, funds within 24 hours
      • Minimum Turnover
        No minimum
      • Available Amounts
        £8,000 to £500,000
      • Available Terms
        1 to 5 years
    • Funding Circle logo

      Funding Circle

      • Your business must have a minimum of 12 months’ trading history
      • Fast, hassle-free business finance from £10,000 to £500,000 at competitive, fixed rates
      • Apply online in minutes, get a decision in as little as 1 hour and funds typically within 48 hours
      • UK-based support team — rated ‘Excellent’ on TrustPilot
      • Minimum Turnover
        £25,000 p.a.
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        6 months to 6 years
    • Capify logo

      Capify

      • Your business must have a minimum of 1 years trading history.
      • Superfast lending. Receive your funds the following day
      • All credit profiles are considered. Loans for any business purpose
      • Easy application process. Get conditionally approved in just 2 minutes
      • Minimum Turnover
        £120,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        3 to 18 months
    • iwoca logo

      iwoca

      • YOUR BUSINESS MUST BE A LIMITED COMPANY WITH A MINIMUM OF 6 MONTHS TRADING HISTORY
      • Flexible finance for small businesses from £1,000 to £500,000
      • No long term commitments and flexible repayments to fit for your business
      • 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 £500,000
      • Available Terms
        up to 24 months
    • YouLend logo

      YouLend

      • Your business must take on a minimum of £3,000 per month of card sales
      • YouLend is Europe's largest revenue finance provider - working with eBay, Shopify and Just Eat
      • YouLend funds over 5,000 UK SMEs every month including sole traders, partnerships and limited companies
      • Apply online in minutes, for a decision within 24 hours
      • Minimum Turnover
        £3,000 card sales per month
      • Available Amounts
        £3,000 to £1,000,000
      • Available Terms
        3 to 18 months
    • Cubefunder logo

      Cubefunder

      • Only available to Limited Companies in England and Wales with 3+ months' trading
      • Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
      • No penalties for Late payments or Early repayment
      • Apply and receive funds within 48 hours
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £5,000 to £100,000
      • Available Terms
        3 months to 1 year
    • Love Finance logo
      Broker

      Love Finance

      • Your business must be a limited company with a minimum of 2 years trading
      • Love Finance is a lender and broker
      • Get a decision in minutes via a simple online form
      • Get funding within 24 hours
      • Minimum Turnover
        £25,000 p.a
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        3 months to 5 years
    • 365 Business Finance logo

      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
        £10,000+ card transactions per month
      • Available Amounts
        £10,000 to £300,000
      • Available Terms
        4 to 18 months
    • Swoop Funding logo
      Broker

      Swoop Funding

      • Your business must have a minimum of 1 years' trading history
      • 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
      • Online management allows you to find funding opportunities and track applications
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        3 months to 6 years
    • Tide logo
      Broker

      Tide

      • Tide works with a number of partners who offer a range of flexible business funding solutions
      • They will run pre-eligibility checks, without affecting your credit score, to show you credit options tailored to your business
      • Connect your business bank account in minutes to see your credit options
      • Minimum Turnover
        Varies
      • Available Amounts
        £500 to £15,000,000
      • Available Terms
        1 month to 6 years
    • Barclays logo

      Barclays

      • Flexible borrowing for your business - unsecured (up to £100,000) and secured loans available
      • Fixed interest rates available on all loans, plus variable interest rates for loans over £25,000
      • Subject to application, financial circumstances and borrowing history. Eligibility criteria applies.
      • Minimum Turnover
        No minimum
      • Available Amounts
        From £1,000
      • Available Terms
        1 to 20 years
    • Previse logo

      Previse

      • Previse Instant Advance is a fast cash flow facility, designed specifically to help businesses grow
      • Completely unsecured, no personal guarantees or security required
      • Available with a variety of short term lengths
      • Minimum Turnover
        £250,000 p.a.
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        3, 6 or 9 months

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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