Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 449-460 |
| Journal | Journal of International Banking Law and Regulation |
| Volume | 33 |
| Issue number | 12 |
| Publication status | Published - 1 Dec 2018 |
Keywords
- P2P lending
- peer-to-peer lending
- loan-based crowdfunding
- SME finance
- financial regulation
- fintech
- financial technology
- banking law
- company Law
- corporate finance
- law and finance
- law and technology
