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
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Cambridge Judge Business School. (December 19, 2017). Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/
Cambridge Judge Business School. "Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose." Chart. December 19, 2017. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/
Cambridge Judge Business School. (2017). Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose. Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/
Cambridge Judge Business School. "Distribution of Peer-to-peer Business Loans in The United Kingdom (Uk) in 2016, by Purpose." Statista, Statista Inc., 19 Dec 2017, https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/
Cambridge Judge Business School, Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose Statista, https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/ (last visited April 25, 2024)
Distribution of peer-to-peer business loans in the United Kingdom (UK) in 2016, by purpose [Graph], Cambridge Judge Business School, December 19, 2017. [Online]. Available: https://www.statista.com/statistics/798092/peer-to-peer-business-borrowers-reasons-for-finance/