Strength and stability seem to be in short supply in today’s uncertain world. As we argued what now seems a long time ago, whether the hung Parliament sees the UK stay in Europe’s single market or not, peer-to-peer (P2P) lending is going nowhere. The business of putting together individuals seeking a good return on capital together with carefully vetted businesses seeking funds for growth is simple and reassuring stuff.
As our friends at P2P Finance News put it: “SME finance has acquired a new shine in the Brexit era, as businesses across the country seem strongly determined to turn uncertainty into an opportunity for growth.
“And P2P firms look increasingly eager to volunteer as the supporters of these ordinary SME heroes, stepping in to fill the funding gap created by traditional lenders that are once again in the process of retrenching and tightening their lending.’
Ahead of the imminent arrival of two new offerings on site, we reprise below the performance of our loan offerings so far.
Money&Co. P2P loan performance
Money&Co. is in the P2P business-lending sub-sector of crowdfunding. And is part of the fast-growing trend in crowdfunding loans. 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 shall be posting new loan offerings on site soon. Meanwhile, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users. All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.
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.