News: Quarter of Brits would lend money to small businesses

peer to peer lendingPeer-to-peer (P2P) lending seems to be gaining popularity as a way to fund small business projects. New research has revealed confidence in this method of funding is on the rise, as a quarter of respondents said they would consider lending to small businesses once the sector is fully regulated.

The sector should be fully regulated by next year. However, 17% said they would currently consider P2P lending without the need for additional regulatory protection.

Despite this, the study by rebuildingsociety found 24% of small businesses expect to struggle to access finance in the next 12 months.

The concept of P2P funding has become fairly well-known since the launch of of websites such as Kickstarter and Funding Circle, but a lack of awareness is still holding the sector back. Rebuildingsociety’s study found that 59% were unaware of the meaning of the term P2P lending.

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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