What Is Peer-to-Peer Lending in Ireland and How Does it Work?

Posted by on 22nd June 2022


Peer-to-peer lending, also known as P2P lending, is a type of lending that allows individuals to borrow and lend money without the use of a traditional financial institution. Instead, P2P lending platforms match lenders with borrowers who are looking for loans.

P2P lending platforms are typically online platforms that use modern technology to connect lenders and borrowers. This allows for a more efficient and convenient lending process, as well as competitive interest rates for borrowers.

How Does Peer-to-Peer Lending Work?

Using technology to cut out the middleman, Linked Finance brings business lending back to basics: where ordinary people with savings can connect and lend to trustworthy businesses that need working capital, business loans or stocking loans. 

This is called peer-to-peer (P2P) lending. Our online lending community is now providing much-needed funding to thousands of ambitious Irish businesses. Since 2013 our P2P network have funded over €193 MIllion in finance. 

What are the Benefits of Peer-to-Peer Lending?

There are many benefits of peer-to-peer lending, both for borrowers and lenders.

For borrowers, P2P provides a faster and more attractive source of finance than traditional loans from banks or other financial institutions.

Is Ireland p2p lending with Linked Finance a good idea?

Peer to Peer lending is not a new form of finance. P2P has been in Ireland for nearly a decade and is common across Europe and the United States. For borrowers, it provides a new fast and more affordable source of finance compared to traditional lenders. 

For lenders it allows people to invest in Irish SMEs while making a profit. There is no limit to how much you can invest and can be all managed via our portal on linkedfinance.com.

Is P2P a safe investment?

P2P lending can be a safe investment if you do your research and carefully consider the risks involved. As with any type of investment, there is always a risk of default or loss, but if you are careful and invest wisely, peer-to-peer lending can be a safe and profitable way to earn money.

Our credit review all businesses to the same standard and criteria as a traditional lender would. We do this to ensure any business we bring to the P2P community meets our credit criteria and believe they will be able to fulfil the terms of the business loan. 

Looking for More Information on Peer to Peer Lending?

Contact us Today on 01 906 0300

Keep your business moving forward

With fast and flexible financing from Linked Finance.

Business Loans but Different

A Better Way to Borrow for Your Business

Linked Finance connects great local businesses who need loans with thousands of individual lenders. This is about using technology to bring business lending back to basics; real people with savings lending to great local businesses at attractive interest rates. Businesses get the funds they need to grow, lenders make a fair return. Everybody wins!

If you need a loan to grow your business, talk to Linked Finance

  • You get a same-day credit decision.
  • You can borrow up to €500,000.
  • No early repayment penalties.
  • A friendly, no-hassle approach.
  • Promote your business.
  • Win new customers as part of the process.

 

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