The ASC Blog

Peer to Peer Lending - the Holy Grail for Commercial Finance?

Published 13/11/2012 09:41:00

About a year or two ago there was a great wave of enthusiasm for all the new social lending sites springing up on the internet. A great deal was said and written about how important these alternative sources for business finance will become.

I have carried out a little research over the last few days and I was taken aback by the fact that peer to peer lending in the commercial world is actually not developing as previously suggested. There are a number of market leading brands which have now closed down and I’m yet to realise how successful the ones are that remain. In fact some very basic research has shown a 50% attrition rate (please note that this is only very basic research and not an in-depth analysis).

So I wonder if this development correlates with our experience because we do not find that "banks do not lend". Our experience shows that we can organise sensible business finance for sensible proposals. It is true that it is no longer as easy to deal with the banks and yes the bank manager has gone, so now you have to deal with a large structure rather than with individuals - but all these are hurdles which can be overcome.

If you have specific experiences with Peer to Peer lending please let me know, I would love to know more. Join the conversation on our blog.

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