Peer-to-peer Lending

Peer-to-peer lending works very much like crowdfunding for your business.  If you've made it past the start-up phase, this is an effective and fast way to get cash into your business.  You basically ask for lending from a number of different people via the internet. The main difference from crowdfunding is that you do not give equity or rewards away, but rather pay interest on the money you borrow, much like you would with a bank. In the case of Funding Circle, your loan is funded by local councils and the Government-backed British Business Bank.






Association of British Credit Unions Limited | Introduction to Credit Unions

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