Consumer Credit Licensing

Some peer-to-peer, and peer-to-business, providers do not allow companies to lend money (see comparisons).

For business to peer lending you are required to hold a consumer credit licence as this is a legal requirement for you to lend money as a business.  Failure to hold a valid license could invalidate all of your loans and leave you and your company liable to prosecution, so please follow the guidance from the Office of Fair Trading.

For business to business lending no license is required for companies to lend to other companies (many thanks to ThinCats for pointing out this important difference).  In addition a company can offset loan losses against Corporation Tax and a Pension fund gets at least 20% tax relief on loans which makes it a very attractive way to lend.

Please view the latest lending rates available.