We have access to a growing number of Peer-to-Peer (P2P) lending platforms that take a more “transactional” approach to lending money. Generally speaking, Directors may need to offer up full Personal Guarantees, although in some instances not all directors will have to. For business loans, lenders will generally require at least 2 years’ worth of accounts lodged at Companies House and a minimum turnover of £50,000 per annum.
Peer-to-Peer and Syndicated Lending are part of a rapidly changing market and we are able to obtain secured and unsecured funding for both business purposes and property development. Peer-to-Peer lending is where for example an individual may invest their own money and the Peer-to-Peer lender matches this to a borrower.