Peer-to-peer business borrowers reasons for finance 2016 statistic

This statistic displays the share of alternative finance borrowers for peer-to-peer business lending in the United Kingdom (UK) in 2016, by reason of funding. In 2016, the main reason given by borrowers of peer-to-peer business funding with over 37 percent was for the expansion or growth of the business. Working capital was the second main reason for peer-to-peer business loans with over 25 percent.

Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose

Characteristic	Share of loans
Expansion/Growth	37.27%
Working capital	25.17%
Other	23.67%
Legal costs	6.48%
Asset finance	3.21%
Refinance	2.06%
Renewables	1.33%
Tax liability	0.56%
MBO/MBI	0.13%
Annual purpose	0.05%
Building upgrades/Refurbs	0.03%
Cash flow	0.01%
Stock purchase	0.01%
Vehicle purchase	0.01%
Equipment purchase	0.01%

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Release date

December 2017

More information

Region

United Kingdom

Survey time period

2016

Special properties

Primary industry figures as well as extensive surveys of businesses and consumers

Supplementary notes

The source adds the following information: "This research was conducted over the course of six months and included three phases of research. The Centre conducted an ‘Industry Tracking Survey’, which was disseminated to crowdfunding, peer-topeer lending and other online alternative finance platforms. The survey collected aggregate-level industrial data used to measure the size and growth of the industry, as well as other key metrics."More information on methodology can be found on page 11 of the report.

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