Lower interest rates
〰️
Fewer restrictions
〰️
Simple application
〰️
Quick turnaround times
〰️
No personal contact
〰️
Lower interest rates 〰️ Fewer restrictions 〰️ Simple application 〰️ Quick turnaround times 〰️ No personal contact 〰️
Peer to Peer Business Loans
Large banks are typically risk-averse, especially when it comes to handing out loans. Many large banks don’t provide start-up funding to businesses that haven’t yet proved themselves. You would usually need a guarantor or 2 years of business accounts.
As a result peer-to-peer lenders were launched in the UK, designed to connect investors directly to new businesses that are looking for funding. Qualifying start-ups are given easy access to unsecured loans of up to £500,000.
What Are The Benefits?
Lower interest rates
Fewer restrictions
Simple application
Quick turnaround times
No personal contact
What Should I Be Aware Of?
Few precedents
Investor discretion
Investor anonymity
Money needs to be paid back
Origination fees
What Do I Need To Apply?
Find a lending platform
Create an account online
Complete an application form
Detailed business plan
Sales assumptions
Detailed financial projections
How Can Launch Help Me?
As experienced start-up specialists, we have already helped hundreds of entrepreneurs like yourself to gain funding and setup their businesses.
Business Plan
Writing
We write bespoke business plans for all industries. Having completed many business plan for various industries, we have the tools and knowledge to complete business plans to meet lending requirements.
Cashflow Forecast &
Sales Assumptions
We use our knowledge of the UK markets to create realistic sales assumptions and cashflow forecasts for year one trading, as is required by the British Business Bank.
Finance Application
Support
Whilst this is a personal loan so the application needs to be completed by yourself. Your dedicated account manager will be on hand to support you with any questions throughout the process.