SMEs fear lack of loans after furlough scheme ends
Small- and medium-sized enterprises (SMEs) are concerned that they will not be able to access loans after the furlough scheme ends in October. According to an analysis by Purbeck Insurance Services, which provides personal guarantee insurance to SME owners, there will be a rising demand for SME loans to help pay staff wages when the […]
What’s happening at Zopa?
Zopa has been incredibly busy since it celebrated its 15th birthday in April. The most prominent piece of news of late was, of course, when the ‘big three’ peer-to-peer lending platform was granted its bank license, but the lender has hit many more headlines too. Here Peer2Peer Finance News explores what’s happening at the consumer […]
Aave launches ‘undercollateralized lending’ service
Ethereum-based lending platform Aave has launched an ‘undercollateralized lending’ service which allows users to take out loans without having to deposit collateral. Instead, depositors can delegate their credit lines to other users, generating a legal agreement which allows lending to take place. The legal element of the transaction is being handled by OpenLaw – a […]
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