finalise half a million loan deals

By AltFi on Thursday 5 September 2013

Alternative Lending has announced that it has completed more than £500,00 worth of loans since launching two years ago.

The peer-to-business lending platform has revealed that they have now finalised 11 deals and has facilitated over £210,000 of micro loan trades in their micro loan market. is a peer-to-business lending platform that connects creditworthy UK businesses looking for a loan with individuals prepared to lend their own money for returns that outstrip retail savings products.

The peer-to-business lending market is one section of the crowdfunding movement and is sometimes described as ‘crowdlending’ or incorporated into peer-to-peer lending.

Of the £210,000 loans arranged by over half have been completed, which shows that lenders are confident of an exit if their strategy is to divest.

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