The government are keen to tell us that the figures over the past year show a significant increase in the amount of new business than previous years
. This may come as a shock to most; me included, but is this because access to funding has many more forms than ever before.
This article looks deeper into why new businesses are in a more beneficial position thanks to new services entering the financial market.
Down the years businesses have been limited to only a small number of possibilities for business loans financing options. These are either making an appointment at the bank, to find a private investor or if you business is in a good enough position, float on the stock market.
Now demand has created a social way of lending that has filtered through from peer to peer lending on an individual basis now to a Peer to Business affair.
Funding Circle offers business the opportunity to take advantage of those individuals who are looking to invest in business and receive better return on their investment, than just savings accounts. Zopa was the first facility on the market to offer peer to peer lending but now Funding Circle have used the same idea but not businesses can benefit.
Funding Circle are looking to reconnect the business community; those people looking to obtain a higher interest rate for their investment and business who are seeking affordable finance. Funding Circle provides a clear and understandable portal for this to happen.
With interest rates at an all time low, Funding Circle gives the opportunity for individuals with savings to invest in relatively low risk but reap high interest rewards as well as investing in local UK businesses to help our own economy.