How can you get a business loan through Peer-2-peer funding?

Peer-to-peer commercial funding, is a form of financing that connects businesses in need of funds with investors who are looking for attractive returns on their investments. 

The process typically works as follows: 

1. A business applies for a loan, either directly or through a broker such as ASC, through a peer-to-peer lending platform. The application includes information about the business, its financial history, and the intended use of the loan.
2. The lending platform evaluates the application and assigns a risk rating to the business based on its credit worthiness.
3. The business is listed on the platform, where investors can browse the available loan opportunities and decide which ones to invest in.
4. Once enough investors have committed to funding the loan, the loan is disbursed to the business.
5. The business makes regular loan repayments to the lending platform, which then distributes the payments to the investors.

Peer-to-peer commercial funding can offer several benefits to businesses. It can be a faster and more accessible way to obtain financing than traditional bank loans.  

However, it’s important to note that peer-to-peer commercial funding is not for all businesses – it may or may not be the right solution for you depending on your circumstances and requirements.