Compare ^{Peer-to-Peer Business Loan} Options For £100k Funding

Secured P2P business loans are suitable for companies ready to offer collateral, such as property or tangible assets, to back their borrowing. Typical borrowing amounts range from £10,000 to £1,000,000 over 12 to 60 months, with rates from 3% to 8% APR. Applications involve submitting details about the business and proposed collateral. This approach suits asset-heavy sectors and larger borrowing needs.

Unsecured P2P loans provide amounts from £5,000 to £250,000 to businesses with strong trading history and cash flow, without requiring security. Approval is based on creditworthiness, with terms from 6 to 36 months and rates between 6% and 20% APR. The online assessment is quick and funds may be provided within a week, suiting companies looking for fast, flexible cash flow solutions or working capital.

This option is for businesses that issue regular invoices and have clients with strong credit. P2P invoice finance advances typically between £10,000 and £500,000, usually over 1 to 3 months, with platforms advancing most of the invoice value. Fees range from 2% to 5% per month. Applications involve submitting outstanding invoices for verification and are generally funded within a few days, ideal for managing cash flow fluctuations.