The alternative finance market has made huge strides in recent years as businesses which have typically been starved of traditional bank lending, such as overdrafts and loans, have sought another route to raise finance.
The likes of crowdfunding and peer-to-peer finance, in particular, are increasing in profile and enjoying impressive growth, enabling businesses to secure funding from online investors through dedicated websites.
£6.1
billion
Lent by peer-to-peer companies in 2018
20
per cent
Annual increase in P2P lending in 2018
4200
per cent
Increase in value of outstanding P2P loans in last 8 years
There is a wide range of funding platforms to consider when looking at alternative business finance. While they can broadly be narrowed down to crowdfunding and peer-to-peer lending, the options within these categories can be vast.
Here’s more information on these two alternative finance products to help you explore whether they’re right for you. Alternatively, contact our team today and we’ll assess which option is the most suitable solution according to your funding requirements.
We were really impressed with the speed at which we could get a facility in place. Hilton-Baird recognised and related to our situation and worked with speed and efficiency to get us up and running.
Steve Marney, Managing Director, South East Construction & Recruitment
Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders
