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Solving the SME Financing Puzzle in the UK: Has Online P2P Lending Got the Midas Touch?

Research output: Contribution to journalArticle

Original languageEnglish
Pages (from-to)449-460
JournalJournal of International Banking Law and Regulation
Issue number12
Publication statusPublished - 1 Dec 2018


King's Authors


This article investigates the financing dilemma of small and medium-sized enterprises (SMEs) in the UK. After the global financial crisis, banks have become risk-averse and refuse to lend to small business borrowers. Meanwhile, the recent decade has witnessed the rapid growth of online peer-to-peer (P2P) lending activities, which to some extent substitute bank credit for SME financing. The article analyses the advantages of P2P loans and relevant regulatory issues.

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