P2P business loans
All of the platforms below offer P2P loans to businesses in the UK and Continental Europe. The collateral provided by businesses can vary. Some lenders place charges over real estate or other assets of the business, such as their invoices. Others provide unsecured loans and lend on the basis of the cash-flow generated by the business.
| Site | Loan types | Typical rates | Location | Our view | Bonuses available | Learn more |
|---|---|---|---|---|---|---|
 | Business Loans | 4-9% | Europe | October (formerly 'Lendix') is one of the largest European P2P sites, which offers French & Italian SME loans. Expected returns are around 4-5%. The site has recently added Italian and English language support. October does not seem to have difficulty finding buyers for loans that have relatively low interest rates, but we think that there are some more attractive options for European investors. | €20 | Visit October |
 | Agricultural equipment loans | 10-14% | Europe | HeavyFinance is based in Lithuania. It's an interesting site that offers loans secured on heavy machinery such as tractors and other farm equipment. A new site but the team behind it have experience in both P2P and equipment finance. Strong returns and an interesting asset class. | 1% | Read review |
 | Business loans | 10% | Ireland | Flender is a small but growing Irish P2P platform. Strong management team and a good record so far. We would prefer that they provided more information about the companies borrowing on their platform, but some interesting deals can be found | 0.5% | Our interview with CEO |
 | Business Loans | 3-6% | Europe | Lendahand sets rates that are intentionally low because the platform has a social mission to support businesses in developing economies. Known as 'impact investing'. | Visit Lendahand | |
 | Invoice finance | 8-10% | Europe | Offers loans secured against invoices in Estonia. Quite small, but has been operating for several years now. Potentially worth a small fund allocation for the diversification it offers | Visit Investly | |
 | Business secured | 6% | UK | Folk2Folk has a strange business model. It requires a minimum investment of £20,000 per loan, and is focused on lending in the region of Cornwall, England. Rates are not particularly high and we don't really see the attraction for 99% of P2P investors. Even so, they have been doing quite high lending volumes this year | Visit Folk2Folk | |
 | Business loans | 11-20% | UK | Rebuilding Society has a very rough few years where the levels of default were very high. Situation seems to have stabilised a little and the number of loans offered has been increasing. It's still however not a site we could recommend. | Visit Rebuilding Society |
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