Compare peer to peer business loans

Peer to peer business loans are a relatively new form of business finance. You can compare a range of loans from a variety of P2P platforms to get the right rate for your business.

  • Compare peer to peer business loans from leading companies
  • View terms and repayments
  • Our service easy to use, reliable, and offered at no charge

Compare peer to peer business loans from leading providers

Looking through a range of options gives you more chance of securing a great deal. You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.


How to compare peer to peer business loans


Prepare a business plan

Decide why you are comparing deals for business loans and why you want to borrow the money. Work out how much you need to borrow and how long you'd need to repay. Once you have decided on a peer to peer business loan find the cheapest peer to peer business loan deal by comparing a number of companies.


Compare your options

Have a look through the options to find the best peer to peer business loan for your business needs. Terms and repayments can vary between providers so check any conditions attached to the loan then pick a deal that offers the cheapest peer to peer business loan for your business.


Apply for the loan

Peer to peer loans can offer more flexibility. While there are commercial finance options offered by banks etc. some lenders and brokers only ever operate digitally, so to make sure you find the best business loan deals comparing quotes on the internet is a must. Once you've decided on the provider you want, simply apply.

Peer to peer business loan deals

What is peer to peer business lending?

Peer to peer business lending is a source of finance that's growing in popularity in the UK. Businesses looking for funding are matched with lenders via online platforms or through brokers offline.

How does peer to peer business lending work?

Businesses are usually required to complete an online form and answer questions about how the loan will be used, the size of the loan and how long you need it for, along with company information.

Certain P2P platforms can make decisions made instantly and the loan provided in as little as a couple of days.

After that P2P business loan works just like any other loan and you make fixed repayments for the duration of the loan term.

What are the benefits of choosing a P2P business loan over other forms of credit?

Peer to peer business lending sometimes offers more flexible options in terms of the APR you are offered and the amount of money you can borrow.

Although it depends on the borrower you choose, P2P lending can often allow you to borrow more than you might be able to with more traditional credit or loan providers.

Find out more about how peer to peer business loans work

How to get the best peer to peer business loans?

The best P2P business loans offer a low APR for the amount you need to borrow and a term that allows you to afford the monthly repayments.

This comparison shows the loan terms that each P2P business lender offers, and the amounts you can apply for.

To find out the APR offered by each lender, visit their website by clicking on the loans above and compare as many as possible to find the cheapest rate.

Compare different types of business loan here

Why you might choose peer to peer business lending?

You can usually get a lower APR compared to other business loans, but not every business will be eligible to apply.

For example, some lenders will not accept your application if you are a start-up business, or have been trading for less than a year.

Some lender's may also expect your business to have a minimum annual turnover, e.g. over £75,000, so make sure you check each lender's loan criteria before you apply.

What can you use peer to peer business lending for?

You can use a P2P business loan for most business expenses, including:

  • Wages: have the cash available to pay your staff for a short time

  • Rent: cover the cost of keeping your business running at its premises

  • Equipment: cover the cost of replacing or repairing broken equipment, or to buy equipment you do not already have

Check you can borrow money for your business expenses before you apply to avoid making an unnecessary credit application.

Peer to peer business loans FAQs

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How to get a business loan

If you want to take your business to the next level but don’t have the funds to do so, you could consider getting a business loan.

Find out how to get a business loan

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With the right type of borrowing you could pursue business opportunities that would otherwise pass you by, here's how.

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How do business loans work?

If you need funds to help your business grow or expand, a business loan could offer the solution you need. Here is how they work and how to get the right loan for your business.

More on how business loans work

Why compare loan deals with

Comparing business loans could save you money. Our multiple award-winning comparison service makes sure you get the lowest rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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Last updated: 4 March, 2022