<Business loans
  • >
  • Business loans>
  • Peer to peer business loans

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.

5 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
Sort
Think Business Loans Business Loan
Loan amount
£25,000 to £1,000,000
Representative APR
6.36% APR
Loan term
3 months to 60 months
“Rated 5* “excellent” on Trust pilot. Our experts will compare multiple business finance products across 100s of lenders to find the option that is right for you. 75% of our customers receive an offer.
Think Business Loans is a credit broker and not a lender. Minimum turnover is £200,000 with 1 year trading.
Representative Example: The representative rate is 6.36% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.36% p.a. (fixed) you will repay £116,504.71 in total.
Funding Circle Business Loan
Loan amount
£10,000 to £500,000
Representative APR
11.79% APR
Loan term
24 months to 72 months
To be eligible to apply you need to be based in the UK and have been trading for 2 years. Funding Circle also offers the Government's Recovery Loan Scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses.
If Funding Circle can offer you a business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, they will do so. The rate you will get will vary based on your circumstances.
Representative Example: The representative rate is 11.79% APR (fixed) so if you borrow £100,000 over 72 months at a rate of 9.4% p.a. (fixed) you will repay £137,779 in total.
Fluidly Business Loan
Loan amount
£15,000 to £500,000
Representative APR
7.9% APR
Loan term
6 months to 60 months
View funding solutions available to you in under 30 seconds. Fluidly's 5* rated specialists will support you in applying to the best products for you.
Fluidly is a credit broker not a lender. Minimum 2 year of trading and £100k turnover pa.
Representative Example: The representative rate is 7.9% APR (fixed) so if you borrow £100,000 over 24 months at a rate of 4.00% p.a. (fixed) you will repay £104,219.84 in total.
Swoop Business Loan
Loan amount
£50,000 to £1,500,000
Representative APR
6.85% APR
Loan term
3 months to 72 months
Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating. Team of five-star Trustpilot-rated experts to guide you through the process.
Swoop is a broker, not a lender. Minimum 1 year of trading and Minimum turnover of £200,000.
Representative Example: The representative rate is 6.85% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.00% p.a. (fixed) then you will repay £117,670 in total.

Compare another type of business loan

Most popular

Business loans

CBILS loans

Small business loans

Start-up business loans

Working capital loans

Peer to peer

Adverse credit

More from business loans

Asset finance

Business vehicle finance

Invoice financing

Long term

Merchant cash advances

Revolving business credit facilities

Secured business loans

Short term

Unsecured business loans

Business loan guides

Who we compare

Last updated: 30 March, 2021

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. Business 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 loans 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 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 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

To be eligible to apply for a business loan, you usually need to be the owner of the company or a registered company director.

No, you have to make each loan payment each month or you could face large interest penalties.

Some lenders require you to have a business account with them to qualify for a business loan, but some may be more flexible so ask before you apply.

Yes, you can find it using a company like Experian. A poor credit record can cause your loan application to get rejected, so check before you apply.

About our peer to peer business loans comparison

We include peer to peer business loans available directly from lenders and through brokers on our panel. Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.