Broker guide to understanding crowdfunding

As a growing number of businesses turn to crowdfunders as a route to source finance, B&C has taken a look at the alternative lenders offering these types of loans and specifically investigated the difference between crowdfunding and peer-to-peer (P2P) lending…

SMEs are the key to economic growth; they account for nearly half the UK’s GDP and employ around 60 per cent of the UK’s workforce. Bank lending to SMEs has shrunk and many believe that certain initiatives, such as the Government’s Funding for Lending Scheme (FLS), are failing to inject liquidity.

Business Secretary Vince Cable has stated that, “as businesses are continuing to struggle to get credit from their banks, developing alternative lending channels is essential so firms are less reliant on banks”.

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