Best Of
Peer-to-peer business loan options include loans from Funding Circle. You'll need fair credit to qualify.
While shopping for small-business loans online, you’ve likely come across companies that specialize in peer-to-peer business lending.
What is peer-to-peer, or P2P, business lending? Peer-to-peer lenders underwrite borrowers but don’t fund the loans directly. Instead, they’re an intermediary between the borrower and an individual or institutional investor such as a hedge fund or investment bank.
To help you decide if P2P is the best option for your business, we break down Funding Circle below, which caters to established small-business owners with fair credit. If your credit score falls below 600 and you need an influx of cash, check out our recommendations for bad-credit business loans.
Our pick for
Businesses looking to grow
12.18 - 36.00%
660
Pros
Cons
Qualifications:
| Lender | Best For | Est. APR | Min. Credit Score | Next Steps |
|---|---|---|---|---|
Funding Circle - Online term loan | Best for Businesses looking to grow | 12.18 - 36.00% | 660 | See Your Loan Options
with Fundera by Nerdwallet |
» MORE: Peer-to-peer personal loans.
NerdWallet has a list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.
To recap our selections...