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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Last updated on 06 May 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.

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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
- Access 70 lenders from one simple funding request
- Easily compare the choices available, including RLS options
- Apply with confidence, no impact on your credit score
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:

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
£10,000 to £500,000

Available Terms
1 to 5 years

See Deal
Company details
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 24 hours
Eligibility Criteria
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 24 hours
Funding Circle

Your business must have a minimum of 2 years’ trading history

A leading UK platform for Small Business Loans

Simple online application and decisions in as little as 1 hour

Rates from 2.9% to 12.1% per year - No early settlement fees
Minimum Turnover
No minimum

Available Amounts
£10,000 to £500,000

Available Terms
2 to 6 years

See Deal
Company details
- A leading UK platform for Small Business Loans
- Simple online application and decisions in as little as 1 hour
- Rates from 2.9% to 12.1% per year - No early settlement fees
Eligibility Criteria
- A leading UK platform for Small Business Loans
- Simple online application and decisions in as little as 1 hour
- Rates from 2.9% to 12.1% per year - No early settlement fees
Broker
Puzzle Funding

YOUR BUSINESS MUST HAVE A MINIMUM OF 6 MONTHS’ TRADING HISTORY

Free service matches your business with over 100 lenders in seconds

Apply in 3 minutes and get funds in as little as 1 hour

High acceptance rate
Minimum Turnover
£100,000 p.a.

Available Amounts
£1,000 to £15,000,000

Available Terms
1 month to 25 years

See Deal
Company details
- Free service matches your business with over 100 lenders in seconds
- Apply in 3 minutes and get funds in as little as 1 hour
- High acceptance rate
Eligibility Criteria
Capify

Your business must have a minimum of 1 years trading history. No sole traders.

Capify loans are paid back in very small automated regular payment; either daily or weekly

A fast and easy business funding alternative for SMEs

Funds can be used for any business purpose, from managing cashflow through to improving technology
Minimum Turnover
£120,000 p.a.

Available Amounts
£5,000 to £500,000

Available Terms
3 to 18 months

See Deal
Company details
- Capify loans are paid back in very small automated regular payment; either daily or weekly
- A fast and easy business funding alternative for SMEs
- Funds can be used for any business purpose, from managing cashflow through to improving technology
Eligibility Criteria
Fleximize

Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees

Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan

Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
Minimum Turnover
£60,000 p.a.

Available Amounts
£5,000 to £500,000

Available Terms
3 months to 4 years

See Deal
Company details
- Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
- Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
- Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
Eligibility Criteria
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

See Deal
Company details
Eligibility Criteria
iwoca

Flexible finance for small businesses from £1000 to £200,000

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 £200,000

Available Terms
up to 12 months

See Deal
Company details
- Flexible finance for small businesses from £1000 to £200,000
- 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)
Eligibility Criteria
- Flexible finance for small businesses from £1000 to £200,000
- 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)
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

See Deal
Company details
- 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
Eligibility Criteria
- 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
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

See Deal
Company details
- Get between £10,000 and £300,000
- 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 £10,000 per month in card transactions.

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