Can My Business Lend Through P2P Lending Sites?
This page was last updated on 13 August, 2020
UK Limited companies and Limited Partnerships are allowed to lend through P2P lending websites.
I looked through the terms and conditions of a good number of them and all of them permitted UK businesses to do so.
The ones I looked through are:
Limited companies and LLPs are generally allowed to lend. You'll need to read the print carefully if you have a different type of business.
Sometimes you're not allowed to lend if you are in the Channel Islands or the Isle of Man.
Usually, if your main business is lending, you will not be allowed to lend through the online marketplaces. However, some P2P lending sites, especially in the property space do use institutions, wealthy individuals or businesses as.
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