This statistic shows the reasons for borrowing on a peer-to-peer (P2P) business lending platform within the United Kingdom (UK) alternative finance market, as of 2014. Approximately 41 percent of respondents listed "expansion or growth capital" as their reason for using P2P business lending.
What was your reason for borrowing on a P2P business lending platform?
primary industry figures as well as extensive surveys of businesses and consumers
Supplementary notes
The source adds the following information: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Nesta. (November 7, 2014). What was your reason for borrowing on a P2P business lending platform? [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/
Nesta. "What was your reason for borrowing on a P2P business lending platform?." Chart. November 7, 2014. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/
Nesta. (2014). What was your reason for borrowing on a P2P business lending platform?. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/
Nesta. "What Was Your Reason for Borrowing on a P2p Business Lending Platform?." Statista, Statista Inc., 7 Nov 2014, https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/
Nesta, What was your reason for borrowing on a P2P business lending platform? Statista, https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/ (last visited December 22, 2024)
What was your reason for borrowing on a P2P business lending platform? [Graph], Nesta, November 7, 2014. [Online]. Available: https://www.statista.com/statistics/372488/uk-alternative-finance-p2p-business-loans-borrower-reasons/