How P2P loans grow businesses

More and more small and medium businesses are financing themselves with loans from P2P platforms Coombeshead Farm (pictured above) is the site of a successful restaurant and B&B set amongst 66 acres of woodland, in Lewannick, Cornwall. The business is flourishing now, but it may never have got off the ground without a three-year loan from peer-to-peer lender Folk 2 Folk, the proceeds of which helped buy the £1.5 million 200-year-old property. Business loans like Coombeshead Farm’s are the largest single source of peer-to-peer lending (P2P), which links investors and borrowers via online platforms. Other common types include invoice financing… continue reading

March 28, 2019