An alternative to Funding Circle is a good thing for peer-to-business lending

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Nick Moules
11th January 2013

Businesses and consumers are increasingly driven by ethical decisions. In the aftermath of a financial crisis which has exposed the worst aspects of financial services, it’s time for everyone in the UK to look at how they use their money to make sure it is going to good use, rather than supporting reckless speculation.

Peer-to-business lending does this. With the dual benefits of loans for growing UK SMEs and above average returns for individuals, it is curing two of the most noticeable after effects of the crisis.

The market leader is undoubtedly Funding Circle, which has done much to raise the profile of the market and should be congratulated for it, but there is another way to connect businesses and individuals which goes further than transaction.

We facilitate relationships between businesses and their lenders by encouraging lenders to go the extra mile and earn their interest by simply helping out businesses where they can. Examples of this are:

  • Following the borrower on Twitter and retweeting messages
  • Making a LinkedIn introduction to a potential client
  • Suggesting a candidate for a job opportunity
  • Becoming a mystery shopper and offering feedback

The advantage for the lender in doing this is they’re helping the business to grow and they’re more likely to have their bids accepted by the borrower in the future as a way of saying thank-you when the borrower refinances.

We’re passionate about rebuilding society by changing attitudes and habits towards money and ultimately making it all go further.

We put our money into supporting Positive Money because we believe in their values.

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