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Alternative Business Funding

I would like to borrow

over

  • Min Trading Period
    24 months

    Minimum Amount
    £250,000

    Maximum Amount
    £15,000,000

    Loan Term (months)
    3 - 24

    Loan Rates
    8.45%

    Est. total repayment

    Established in 2014, Archover is a P2P lender of business loans. Businesses can invest from £1000 over a fixed term period of 3 to 36 months. Lenders can choose to invest in business sectors of their choice. Serviced Offices and Technology loans, which are Secured and Assigned, typically have a return rate of more than 8%. Pharmaceutical loans, which are Secured and Insured, typically return 7%. All borrowers are subject to a credit analysis prior to loans being offered. This means that investors can be assured only creditworthy businesses will be invested into.

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  • Sponsored

    Min Trading Period
    24 months

    Minimum Amount
    £5,000

    Maximum Amount
    £1,000,000

    Loan Term (months)
    6 - 60

    Loan Rates
    4.5%

    Est. total repayment

    Funding Circle is one of the oldest P2P lenders (est. 2009) for business loans. More than 3,900 businesses have managed to finance their targets through £3.8billion being lent through Funding Circle. Over 75,000 investors have used the platform and have achieved £215m in interest payments. There are two investment products available, an IFISA and a Classic account. Customers have the choice of lending Conservatively (low risk businesses, also meaning lower returns), or Balanced (full range of businesses on the platform, resulting in greater returns).

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  • Min Trading Period
    24 months

    Minimum Amount
    £1,000

    Maximum Amount
    £500,000

    Loan Term (months)
    1 - 12

    Loan Rates
    7.2%

    Est. total repayment

    Growth Street are a peer to peer lender of business loans, providing from £25k and up to £2m in working capital finance. Loans are charged from 0.6% per month, equivalent to 7.2% per annum and are secured against all the business's assets. Borrowers will also receive bespoke support from the Growth Street team. Investors can potentially earn up to 5.3% in returns by using Growth Street. The company offers Loan Loss Provisions to ensure an investor's funds are protected. To date, zero capital has been lost on the platform.

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  • Sponsored

    Min Trading Period
    24 months

    Minimum Amount
    £10,000

    Maximum Amount
    £250,000

    Loan Term (months)
    1 - 15

    Loan Rates
    24.20%

    Est. total repayment

    Fast, flexible business loans

    Spotcap offers fast, flexible and transparent finance, allowing you to focus on what matters – growing your business. We provide unsecured business loans of up to £250k.

    At Spotcap, we help businesses to innovate, grow and stay competitive with fully unsecured loans between £10k and £250k. SMEs can apply, receive a flexible credit line and draw down within 24 hours. There’s no need to go through laborious application forms and our team of industry professionals understand what businesses need. Unlike traditional lenders, we focus on how well your business has performed recently.

    Credit lines are fully unsecured
    No penalty fees if you repay your loan early
    No upfront application fees
    Get a loan decision within 24 hours of finalising your online application

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  • Min Trading Period
    36 months

    Minimum Amount
    £25,000

    Maximum Amount
    £750,000

    Loan Term (months)
    3 - 60

    Loan Rates
    6.9%

    Est. total repayment

    Ratesetter are a P2P lender, established in 2010. There are 4 ways of earning interest on your money; monthly rolling market rate, 1 year market rate, 5 year market rate or set your own interest rate. You do not earn interest on your capital if Ratesetter has not lent your money out. Your money is more likely to be lent out if you operate within their market rates.

    They offer business loans, personal loans and property loans. All loans are backed by a personal guarantee or secured against an asset or property. You cannot choose which loans you are investing in, Ratesetter allocate the loans for you. If you wish to exit early you can use their 'Sellout' function provided there are funds available in the market to replace the amount being withdrawn. You may not receive all of the predicted interest if you exit early. There is no charge to exit if you are using the rolling market. There is a 0.3% charge of your capital to withdraw funds from the 1 year market and a 1.5% charge to withdraw funds from the 5 year market.

    Ratesetter operate a provision fund which pays out if the borrower defaults on their loan repayments. They currently boast that not one investor has lost any money through investing with Ratesetter. If the provision fund is completely exhausted, Ratesetter have a secondary capital buffer to dip into which is made up of future interest and provision fund inflows. If all of these protections fail, Ratesetter will divide losses up equally amongst all investors.

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  • Min Trading Period
    Start-up

    Minimum Amount
    £2,000

    Maximum Amount
    £1,000,000

    Loan Term (months)
    1 - 12

    Loan Rates
    36.8%

    Est. total repayment

    Ultimate Finance provides funding for SMEs when they need it, no matter the current stage of their business. Therefore, Ultimate Finance provides a range of funding choices suitable for most business needs. The company has lent more than £1billion in loans over the last 17 years in various industry sectors.

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Disclaimer: The comparison table was compiled in January and February of 2017 and the information has been either sourced from the company’s website or we have called the business. Some businesses have not provided us with the data and this is highlighted in the table. Alternative finance investments are not covered under the FSCS however each company performs its own due diligence procedures and has different methods to protect the investor. Please note in all cases additional fees may apply. We have tried to show this where possible on the table. This table should only be used as a guide and should not be relied upon to make investment decisions. Please note your capital is at risk and businessagent.com may be paid a commission from the company if you invest . Please check the terms and risk warnings thoroughly before investing. Click here for our full risk warning.
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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