It’s tough out there if you are looking for a small business loan. But things are changing and now, not only can you get a small business loan but it can be funded by people who are based close to your business who may have a whole new agenda in wanting to see your business succeed.

Go2 Business Loans is a crowd funding platform which puts lenders together with local businesses.

This means that unlike borrowing from the banks, you are not dependent on one set of lending criteria, and one decision.

Instead you are asking loads of people with diverse criteria, women and men, each to take a much smaller decision to lend you a small amount of money. Some will say no and some yes, but provided you get enough people willing to lend to you at an acceptable rate you will have a deal.

And to get that deal, you will have the opportunity on the Go2 Business Loans site to set out your stall to attract lenders; so you can include (obviously) financial information, details of contracts on hand and under negotiation, the reasons why you need the funding and how you are going to repay. Unlike the banks, you can also post pictures and videos of your products and business operations. 

Provided you are a company or LLP and have a 2 year track record you can apply for a loan at Go2businessloans.co.uk of between £10,000 and £250,000 over 1 to 5 year terms. If you are not sure how long you want the loan for, it is sensible to apply for the longer period because you can repay your loan early without penalty.

Once you have put your loan request on the Go2businessloans website, the loan can be seen by our investors who can bid to lend to you stating the amount they want to invest and the interest rate they want. The lending process is a reverse auction; lenders bid down the interest rate at which they want to lend to ensure that you get the best rate available. The auction takes 2 weeks. It is then your choice as to whether you accept the deal that’s on offer.

There are other sites that do that, but the big, big difference with the Go2 Business Loans platform is that it is managed locally. This means we only accept loan requests from businesses with BH,SO,PO,GU and RG postcodes, and we aim where we can to match local savings to local businesses.

So, with Go2 Business Loans your funders become part of your team. They are key stakeholders in your business, who will be keen to see that your business prospers.

You can engage with them in a number of ways. You may want them to become customers, and it should be easy to sell to them. They have after all just pledged some of their savings to support you. You may want them to be ambassadors for your business and tell their friends. They may already be doing that. They have bought into your company and your products, and invested some of their hard earned savings in you.

These may be critical factors for your business. Increasingly these days a business’ network is its treasure. With Go2 you can not only raise finance but also gain a lot of new friends who will, unpaid be out there rooting for you.

That’s worth a lot.

Register your loan request and access funding from our investors here. 

This is peer to peer lending and your investment is at risk. We encourage investors to diversify their portfolio and to review all investments to ensure that they meet with their own investment criteria.

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