Compare Peer to Peer Lending

• Unsecured short-term lending against either an R&D tax claim or qualifying grant
• For companies with history of successful R&D claims/Grant claims
• R&D funds paid direct to ArchOver controlled bank account
• R&D claim prepared by third party professionals
• Successful Grant history or awarded Grant has achieved first payment/milestone deadlines

R&D Tax Claim

The Research & Development Advance is short-term lending against an identified Research & Development (R&D) claim payable to a company by HM Revenue and Customs (HMRC) or against an Innovative Grant Advance (IGA).

HMRC has made allowance for companies they deem to be undertaking qualifying Research & Development activities. Companies can claim cash repayments of up to 33% of the qualifying R&D expenditure. The claims are made with a company’s tax return (CT600) each year, with claims up to two years in arrears also allowed.

It can take up to three months between a company making a claim and receiving payment from HMRC. ArchOver helps companies ‘bridge this gap’ by facilitating a loan under this RDA lending service. Importantly, the loan can be drawn down up to 12 months before the claim is expected to be received, allowing companies to receive advance funding for their ongoing R&D.

The RDA is available only to companies that can demonstrate a history of successfully claiming R&D tax credits from HMRC with at least two years of successful claims having been made. Additionally, the company must have retained professional advisers to help in the preparation of the R&D tax credit claim. When making the claim, the company seeking the advance must advise HMRC to pay all the funds claimed to an ArchOver controlled bank account. The directors of the company seeking the advance must warrant that the PAYE, CIS, VAT and CT payments are up to date (i.e. that the company has no overdue debts to HMRC) and will be maintained up-to-date throughout the period of the loan.

Qualifying Grant

For an IGA (Innovative Grant Advance) we review previous successful applications for grants and delivery of projects in accordance with the application and receipt of payments substantially as scheduled. However, if no previous IGAs have been delivered on by the Borrower, we need to see the Grant being advanced against has been signed and agreed, they have received the first payment (normally this is on signing) and they have submitted and received at least one payment request for the first period (the length of periods will vary) of the grant.

Furthermore, the directors confirm that, in their reasonable opinion and having made reasonable enquiries, the borrowing business has sufficient funds to trade through the period of the loan and beyond.

All details are listed alongside each loan on the platform. It is recommended that Lenders read and understand the information within the Project Description before investing.

• All-assets charge against business
• Secured finance against Accounts Receivable
• Accounts Receivable (ARs) insured against late or non-payment
• Credit analysis, monthly monitoring, controlled bank accounts

Our original and core service.

We register a first all-assets charge at Companies House over the borrowing company. This means that, if the borrowing company defaults and we appoint an administrator, we have the first call on the company’s assets. We perfect this with an ArchOver controlled bank account into which payments from Borrower customers flow. Except in the event of insolvency proceedings, the controlled account is cleared each day to the Borrower.

For Secured & Insured loans, the assets that we are primarily interested in are the Accounts Receivable (ARs). The ARs of a business comprise the total owed to the borrowing business by its customers (trade debtors) plus contracted work-in-progress (WIP) (valued at cost). The security provided by these assets is further enhanced by a credit insurance policy, usually provided by Coface, which we insist the Borrower takes out with ArchOver as the joint-insured and loss payee. Usually, the credit insurance cover provided is 90% of the value of the ARs and pays out in the case of protracted default or where the Borrower’s customer’s business fails.

When determining the maximum value of the loan, ArchOver considers the value of the ARs, deducting trade debtors out of term and for amounts uninsured. The maximum loan-to-value of security provided is 90% against the trade debtors plus 50% against the WIP. Accordingly, the discounted security must always be equal to or greater than the loan value.

All security details are listed alongside each loan on the platform. It is recommended that Lenders read and understand the information within the Project Description before investing.

Please note: Credit insurance (the ‘I’ of ‘S&I’) does not insure the loan or interest payments and does not guarantee the repayment of Lenders' capital in the case of Borrower default.

• All-assets charge against business
• Secured finance against contracted recurring revenues
• Guaranteed revenue contracts assigned to ArchOver
• Credit analysis, monthly monitoring, controlled bank accounts

An increasing number of companies provide the use of their assets, be they physical or intangible assets, under rental or licencing agreements. These agreements provide the supplying company with long-term contracted revenue streams, making the businesses stable, predictable and potentially ideal Borrowers.

This was the second service we introduced.

We register a first all-assets charge at Companies House over the borrowing company. This means that, if the borrowing company defaults and we appoint an administrator, we have the first call on the company’s assets. We perfect this with an ArchOver controlled bank account into which payments from Borrower customers flow. Except in the event of insolvency proceedings, the controlled account is cleared each day to the Borrower.

When determining the maximum value of the loan, we consider the revenue generated in a year from contracted recurring sources, such as a rental income. When calculating this, we make an allowance for the customers who will be lost. This loss of customer base is known as 'churn' and must be in single digit percentages each year. The loan is usually no more than a 3-month advance against the annual contracted recurring revenue.

All security details are listed alongside each loan on the platform. It is recommended that Lenders read and understand the information within the Project Description before investing.

• All-asset charge against business
• Secured against Accounts Receivable (ARs) or contracted recurring revenue
• ARs uninsured/recurring revenue unassignable
• Credit analysis, monthly monitoring, controlled bank accounts

This type of borrowing is similar to our S&I or S&A services except that, for good reason, the borrowing company cannot get credit insurance (eg, providing services to HM Government) or we cannot obtain an assignment of contracts.

We register a first all-assets charge at Companies House over the borrowing company. This means that, if the borrowing company defaults and we appoint an administrator, we have the first call on the company’s assets. We perfect this with an ArchOver controlled bank account into which payments from Borrower customers flow. Except in the event of insolvency proceedings, the controlled account is cleared each day to the Borrower.

Should the Borrower be a firm of solicitors, we cannot operate a controlled bank account. Firms of solicitors operate with authorisation from, and are subject to, the rules of the Solicitors Regulatory Authority (SRA). The SRA does not allow lenders to operate a controlled bank account for client revenue. In this scenario, ArchOver’s charge could be open to challenge and reduces security on the loan.

When assessing the maximum loan advance, ArchOver will consider the value of the Accounts Receivable (ARs), deducting trade debtors out of term. The maximum loan-to-value of security provided is 90% against the trade debtors plus 50% against the work-in-progress. Accordingly, the discounted security must always be equal to or greater than the loan value. Alternatively, we look at the revenue generated in a year from contracted recurring sources. When calculating this, we make an allowance for the customers who will be lost. This loss of customer base is known as 'churn' and must be in single digit percentages each year. The loan is usually no more than a 3-month advance against the annual contracted recurring revenue.

All security details are listed alongside each loan on the platform. It is recommended that Lenders read and understand the information within the Project Description before investing.

• Initial lending with a view to becoming S&I- or S&A-based
• Bespoke security, usually second Charge against business
• Some features of Secured & Insured or Secured & Assigned
• Credit analysis, monthly monitoring

Bespoke loans are made on the same basis as S&I or S&A loans, with the sole exception being the rank of the all-assets charge. Bespoke loans are usually initially secured with a second charge which will transition to a first charge within a short period, usually less than three months. This flexibility allows us to raise larger amounts of money for Borrowers, without initially disturbing existing facilities.

Interest is set to reflect the initial period, during which the security is weaker. The rate remains unchanged throughout the loan term, giving Lenders the opportunity to enjoy a higher rate of interest than is usual for an S&I or S&A or S loan.

All other features of S&I or S&A or S apply, as appropriate.

All security details are listed alongside each loan on the platform. It is recommended that Lenders read and understand the information within the Project Description before investing.

This product gives a fair return of 4.1% on investments whilst allowing the shortest time possible to access deposited funds under normal market conditions without incurring a charge. Only secured business loans with terms ranging from 1-month to 5-years are automatically invested into when using this product.

Minimum investment starts at £1 with a maximum amount of £200,000. Interest is paid on the first day of each month.

This product gives a return of 5.1% per annum on investments and offers access to deposited funds under normal market conditions when 30 days’ notice is given. The rate will not drop below 4%.

Minimum investment starts at £1 with no maximum amount. Interest is paid on the first day of each month. Due to the nature of this account, there is no minimum term.

This product gives investors full control over their funds in exchange for the highest possible returns on the platform ranging from 4.5% to 12.5%. Investors can choose which businesses to invest in. All businesses offered have passed Assetz Capital's credit policy and are secured loans only. There is no provision fund available on this account. Any loan investors wishing to sell can only do so if there is a demand from other investors. The minimum investment amount is £1, there is no upper limit. Terms typically range from 1 month to 5 years.

This product offers lenders to earn up to 5.75% target gross interest a year and offers access to funds after 90 days after notice under normal market conditions.

The interest rate on the 90DAA is variable and can change from time to time.

Unlike the Quick Access Account and the 30 Day Access Account there is no minimum interest rate for the 90DAA.

Minimum investment is £1 and there is no maximum.

Typically, the 90DAA may contain short-term secured business loans of less than one month through to five-year loans.

And like all the Access Accounts, the 90DAA auto-diversifies the funds lenders allocate to it across many matching loans at any given time, spreading the risk across the widest possible range of loans that we have available in the account.

Multiple lenders who are seeking fixed returns can invest together in businesses raising funds to expand, grow and develop their offerings. Lenders have the opportunity to discuss with the management team any queries or concerns they have with a business before they decide to invest.

Before contributing funds, investors can download and read any documentation provided by the business to fully understand what they are supporting. As the business grows, investors will have access to the company's details to monitor the progress of their investments.

Investors will can also receive a tax relief up to 50% for businesses that are eligible for EIS and SEIS. Shares in the business are held by a nominee. Investment contributions start from as little as £25.

These are a type of secured loan for lenders to invest in and receive n return receive interest on their capital. Lenders can receive up to 8% interest. Terms typically range from 1 to 5 years. Minimum investment is £100 with no upper limit.

There are no fees for investing in a Crowd Bond. There are no annual management fees. This product is also eligible as an ISA.

This unique product involves digital currencies. Blockchain start-up companies can be funded via Token Sales. Token Sales involve generating and then selling crypto assets. Tokened business function similarly to equity-based crowdfunded businesses. The more the tokens are used, the greater their value. Tokens are a liquid asset, they gain value much quicker than traditional currencies and profits can be withdrawn sooner when listed on an exchange after the token sale has ended.

Unlike traditional currencies, tokens can be used in international markets without the hassle of currency conversion. Currently, Crowd For Angels does not operate in the US or China.

Customers with either SIPP or SSAS pensions can invest on CrowdProperty and receive 8% interest per annum.

It is advised that pension holders contact their pension providers and ensure P2P lending is permissible on their specific product.

A Classic Account has an initial minimum investment amount of £1,000. Customers have a choice of investing Conservatively, or Balanced.

With Classic accounts, tax is not deducted from your earnings, but they will provide you with a tax statement you can download if you need it for your tax return.

Conservative has a projected return rate of 4.3 - 4.7%. This is due to funds being invested in low-risk creditworthy businesses with lower estimated bad debt rates.

Balanced has a projected return rate of 4.5 - 6.5%. This is due to funds being invested in the full range of creditworthy businesses, but also carries a higher estimated bad debt rate.

Invest from £500 secured against property

By investing in the Growth Street ISA, you’re able to earn an annual return of 5.8%, payable at the end of the one-year fixed term. Providing you are eligible for an ISA*, you can invest from £10 to £20,000 a year completely tax-free across all ISAs – or transfer in as much as you like from any existing ISAs.

This investment account allows daily access to funds. 

Invest from £10 - £20,000

Estimated interest 4.00% Interest rates shown are annualised rates paid daily into your Loanpad cash account.

This investment account allows 60-day access to funds

Invest from £10 - £250,000

Estimated interest 4.00% Interest rates shown are annualised rates paid daily into the lenders Loanpad cash account.

Acquire funding for your receive specific invoices. This product is ideal for those with irregular or one-off cash flow requirements.

Requirements:

- You have a limited company or LLP based in the UK or Ireland

- You have a minimum turnover of £100,000 p.a. or annualised income from current year’s trading

Whole ledger invoice discounting facility for businesses with regular cash flow needs, as it’s secured against all your outstanding invoices.

Requirements:

- You have a Limited company or LLP based in the UK or Ireland

- You have a minimum turnover of £500,000 p.a. or £250,000 p.a.

- You have 2 years+ trading history or 1 year+ with their credit control option

For businesses who are seeking a regular stream of revenue upfront.

Requirements:

- You have a limited company or LLP based in the UK or Ireland

- You have a minimum turnover of £300,000 p.a.

- You have 2+ years trading history

- You have contracts with UK companies with minimum turnover of £6.5 million p.a. or non-UK companies with minimum turnover of £50 million p.a.

Choose from a selection of loans and bid from £10 with a minimum deposit of £100 into your account.

Invest from £10, with no maximum amount and receive target interest rate of 4% per annum. There are no fixed terms so funds can be withdrawn at any time.

Customers can use their debit cards to set-up monthly investments to their Octopus Choice account.

Any interest earned can be transferred to a bank account, or re-invested into the General account.

Earn interest from 5% to 12% per annum after fees and before bad debts and taxes. Invest from £1,000 with no maximum limit. Customers can choose which loans they want to invest in, or let Proplend automatically invest their funds in the various tranches available.

Lenders will receive monthly interest payments from the borrower before Proplend deduct their 10% fee. There is also a 0.5% fee when selling a loan on the secondary market. 

There have been no investor losses since this product launched.

By using SSAS or SIPP pension savings, lenders can earn 5 -12% tax-free interest per annum on their investments. Proplend accounts are set up by the customer's pension provider, who are responsible for the administration of the account.

SIPP holders are able to choose which investments they would like to partake in based on the offers from their SIPP provider. SSAS holders have a much wider range of approved investments.

Participating pension providers include Westerby Trustee Services Limited, Morgan Lloyd and Whitehall Group.

Pension investment restriction apply. Pensions cannot be associated with connected parties to make a loan, or associated with residential properties.

You can earn interest every month

No fee to release your investment

At RateSetter you can earn interest every month

Release fee: 30 days of interest

At RateSetter you can earn interest every month

Release fee: 90 days of interest

Earn 7% p.a tax-free interest, hassle-free as The Housecrowd will automatically diversify funds across a portfolio of property secured loans. Interest is paid twice a year, in October and April.

You can now transfer your ISA free of charge and is subject to a minimum transfer of £5000.  There is the option to transfer fewer funds £1000 - £4999 where a £50 admin fee applies.

There is a 3 month notice period with this account (subject to their terms and conditions)  It is important to note *"If loans are in default, then that portion of your money cannot be returned until the borrower repays. If part of your fund is invested in a loan that is yet to reach redemption, we will attempt to transfer it to replacement P2P investors (rather than you having to wait until the end of the loan term), however, this is not guaranteed (see T&Cs)." Although The Housecrowd state* "No investor capital has been lost to date, it is possible. Risks are reduced by wide diversification across multiple loans. In the event of bad debt, THC will absorb 10% of any capital lost by the investor"

*Quotation is taken from The Housecrowd website

Earn up to 9% p.a on secured peer to peer bridging loans via their peer to peer lending platform.   The Housecrowd offers a range of products allowing you to choose your own level of risk and gives you a simple investor dashboard allowing you to manage your investments easily.  A minimum investment of £1000 is required

There are more than 200 properties built, or currently in development with a Gross Development Value of over £52m.

Invest in property developments from as little as £1,000. A typical term lasts for 12 months. The typical return rate is 10% per annum. the investments are secured by a legal charge against the land/property.

Their projects have full planning permission in place (unless otherwise stated), use large, reputable contractors, contractors are supervised by a professional employer's agent and have independent RICS qualified fund monitor providing regular site visit valuations.

This is a short term investment product with an attractive rate of interest and quick access to your funds.  There is no need for the loan to be repaid as The Housecorwd crowdfund and recycle the money quickly, thus providing greater liquidity for investors.  The account requires notice for you to access your funds and they will repay your capital within 30 days.  It is also noted that "Only in the event we could not crowdfund out the funds would the repayment be dependent on the borrower repaying"

There is the opportunity to earn 4.5% p.a on your investment for the first six months and the rate changes to 4% p.a thereafter. The size of this fund is restricted to help ensure investor liquidity. 

Restrictions on withdrawal. The Housecrowd may restrict investors drawing out more than £25,000 per investor per month if they have an unusually large amount of requests simultaneously

Interest is calculated daily and paid on April 30th/Oct 30th each year.  Interest due is pro-rated if sums are withdrawn.

Mezzanine finance is designed to fill the gap between the bank's lending and the developer's equity contribution and is held with a second legal charge which potentially carries higher risks but offers you the opportunity of higher returns. This type of investing was until recently only available to financial institutions and high net worth individuals.  

Self-invested personal pensions are a great tax-efficient way to build for your retirement.  There is no tax on income, other than equity dividends, no capital gains tax and the ability to reclaim some tax deducted at source of income.

There is no minimum investment although The Housecrowd quote "There is no minimum investment, but fees will be charged by the SIPP provider, so it is probably not worthwhile setting up a SIPP unless you have at least £50,000 to invest. The House Crowd will not deduct any fees from the returns quoted for any investment made through a SIPP, but our SIPP provision partner Morgan Lloyd will do so directly."

The SIPP can be used with Peer To Peer Bridging Loans, Peer To Peer Development Loans and Auto-Invest.

Customers can earn up to 6.00% per annum and can invest from as little as £100. The bond can be funded in multiples of £10. Terms range from 1 to 5 years.

Investments are diversified across numerous loans and interest can be received in monthly payments, or re-invested into new loans. Capital and interest can be withdrawn at loan maturity. There is no early withdrawal option. This product is not ISA eligible and therefore is subject to tax.

Customers can earn a fixed rate of 4.65% per annum and can invest from £1,000. The bond can be funded in multiples of £1,000 thereafter. There is no maximum investment amount. This product has a 3-year fixed term.

Investments are automatically diversified across numerous loans and interest is received in monthly payments. There is no early withdrawal option. This product is ISA eligible and therefore is not subject to tax.

Zopa Core investors can expect potential returns of 4.5% per annum. Zopa's risk market metric measures how likely borrowers can repay their loans on time and in full. Zopa Core borrowers range from A* - C, meaning they are low-risk loans.

This product is available as an IFISA, which follows the guidelines as set out by UK government.

Zopa Plus investors can expect potential returns of 5.2% per annum. Zopa's risk market metric measures how likely borrowers can repay their loans on time and in full. Zopa Plus borrowers range from A* - E, meaning they contain the full range of loans offered on the platform.

This product is available as an IFISA, which follows the guidelines as set out by UK government.