Manchester based Racefields has launched a free peer to peer loan finder designed to aid businesses in their search for an appropriate loan. Racefields states that unlike other loan comparison sites which only point businesses in the general direction of lenders, Racefields will actually apply for peer-to-peer loans on behalf of its applicants.
Racefields states that business owners often have to put up with a tedious loan application process when applying for finance. Sometimes this is accross multiple websites. The Racefields P2P Loan Finder seeks to remove this hassle from business owners.
“As a regulated corporate finance house we specialise in raising money for clients on both peer-to-peer and crowdfunding platforms,” said Racefields CEO David Gammond. “Major banks are now obligated to refer customers to alternative finance sources if the bank has refused their loan application. However, sending them to comparison sites is only a partial answer. The big question is: which platforms should they apply to? There are so many to choose from.”