P2P Grows, While SMEs Neglected By Mainstream - Plus New Loan News


Lonely Girl

The peer-to-peer (P2P) lending sector is still growing steadily, after several years of very rapid expansion. Perhaps part of the reason for this is the fact that small and medium-sized businesses seem to be rather poorly served by mainstream financial services (see several pieces - "older stories" - written over the past three years in our News section).

FTLogo

The Financial Times is the latest to come up with an article along these lines. The FT reprises a 2015 survey of 125 small businesses by UK insurer Direct Line, which "found that one in six thought they had suffered from poor professional advice over the previous 12 months, with an average cost to the business of almost £21,000. Forty-four per cent of companies surveyed blamed information technology consultants, followed by specialists in management (34 per cent), marketing (32 per cent), property (23 per cent) and communications (16 per cent). Accountants came sixth at 9 per cent, ahead of advertising consultants (8 per cent) and lawyers (6 per cent)."

M&CLogo

P2P Loan Performance & Pipeline Update

We have an exciting, large new loan in the pipeline. Stay tuned for more on this.

Meanwhile, Money&Co lenders have achieved returns of almost 9 per cent - before deduction of our one per cent fee - in the three years and nearly £10 million of loans facilitated on our platform. We currently have two fast-filling P2P loan offers on site - both fixed at 8 per cent yield. Webuyanyhome is A+ and property-backed. Mar-Key is A-rated. Further detail is available to registered Money&Co. users. Money&Co. loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.

Risk

If you haven't made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.