Compare ^{Peer-to-Peer Business Loan} Options For Your £950k Funding

A secured peer-to-peer business loan requires you to provide assets as collateral and is available to businesses with a proven track record. Borrowing amounts are typically between £50,000 and £500,000, with terms from 6 to 60 months. Rates start at 3% APR. The process involves submitting an application with security details, followed by platform-arranged credit checks and funding. Sectors with significant assets, such as manufacturing or retail, often benefit most.

Unsecured peer-to-peer business loans allow you to access funds without offering security, provided your business has a strong credit rating and financial record. Typical loans are between £10,000 and £250,000 for 6 to 36 months, with rates ranging from 4% to 20% APR. The application process is quick, relying on financial data and credit assessments. It is well-suited for working capital or investment in growth when asset security isn’t available.

Invoice financing via peer-to-peer platforms helps businesses unlock cash tied up in unpaid invoices. By submitting eligible invoices, you can receive up to 85% of their value quickly, usually within one to two weeks. Monthly fees are typically 1% to 3% of the invoice value. This option is particularly useful for businesses experiencing cash flow gaps due to multiple outstanding invoices, such as those in logistics or wholesale.