As banks try to recover from the credit crunch, the chances are, they may struggle to approve your need to develop your business.
There are likely to be countless headaches of trying to raise that loan - unwillingness to lend, increased security requests, higher rates of interest, increased fees.
If this sounds familiar, we can help.
BANKS MAY STRUGGLE TO
APPROVE YOUR NEED TO
DEVELOP YOUR BUSINESS.
WELL, THERE'S A WAY OUT.
Peer to Peer Lending is a real alternative to high street banks, providing loans on attractive terms from serious private investors who are more likely to understand your business. They bid in an online auction to join a syndicate and lend to your company. At the end of a successful auction, the bids with the lowest interest rates are selected and you get an offer based on the average rate.
An attractive route to take, considering the fact that the days when bank managers had their own credit limits and knew their customers are long gone. At times you feel the banks don't even know your business or the benefits of trying to grow with it.
Some of the uses of Peer to Peer loans are for business development & expansion, Management Buyout (MBO) or a Management BuyIn (MBI), business acquisition, business turnaround etc.
Secured loans from £100,000 to £300,000
From a few months to 5 years
Interest rates either fixed or linked to a Base Rate
Fixed monthly instalments of interest and capital
No penalties for early repayments, compared to most loans