Click me

The Rise of Peer-to-Peer Lending

THE RISE OF PEER-TO-PEER LENDING 2007 EE We are in the biggest real-estate boom we've ever seen. Something is going to happen to end this" - Robert J Shiller Economist Robert J Shiller predicts the imminent collapse of the housing market, & subsequent financial panic. 2008 World's largest investment bank, Lehman Brothers goes bankrupt. The great financial collapse begins, costing UK taxpayers trillions of pounds to date. "TOTAL COST OF THE FINANCIAL The intervention by the UK CRISIS IN THE UK, UP TO: taxpayer ensures that the banks remain huge £7 TRILLION" - Andy Haldane, Bank of England The aggregate balance sheet of UK banks is currently over £6 TRILLION more than four times annual GDP 91% 29% RBS THE SME BANKING MARKET IS DOMINATED BY THE BIG FIVE BANKS 20% Lloyds TSB 17% HSBC 13% BARCLAYS 12% Santander The taxpayer foots the bill for a £45bn bailout of RBS after its ill-judged purchase of ABN-Amro 2008 SHARE 50.53P ABN AMRO RBS £53BN LOSS CURRENT SHARE ~21P The effect on small businesses Despite massive balance sheets, bank lending to small businesses collapses even though they are critical to financial recovery. A POTENTIAL SMALL BUSINESS FUNDING GAP OVER THE NEXT FIVE YEARS OF BETWEEN E26BN AND E59BN IS ESTIMATED. SMALL BUSINESSES WOULD HIRE MORE THAN 500,000 ADDITIONAL MEMBERS OF STAFF, IF THEY COULD ACCESS FINANCE 30 PER CENT OF SMALL BUSINESSES HAVE HAD TO LAY OFF STAFF as a result of a lack of funding and the economic crisis SC It is well enough that the people do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford RISE OF P2P LENDING As businesses and individuals become SE As businesses are continuing to struggle to get credit from their more disillusioned by their banks, they start to seek alternatives to traditional banks, developing alternative banking resulting in a P2P lending lending channels is essential so boom in the UK and the USA firms are less reliant on banks." - Vince Cable FUNDING CIRCLE LAUNCHES, 2010 ALLOWING PEOPLE TO LEND TO SMALL BUSINESSES WITH A GREAT RETURN Funding Circle CE Peer-to-peer lenders like Funding Circle could in time replace high street banks" - Andy Haldane MORE THAN £60MILLION OF LOANS FACILITATED THROUGH FUNDING CIRCLE IN THE FIRST 30 MONTHS THE UK GOVERNMENT INVESTS £100M IN NON-TRADITIONAL LENDING CHANNELS, £20M OF WHICH IS GOING TO FUNDING CIRCLE Funding Circle £100 MILLION £20 MILLION UK PEER-TO-PEER LENDING PREDICTED TO EXCEED 2013 £300 MILLION WORTH OF LOANS IN 2013. 2014 THE UK GOVERNMENT RECOGNISES THE GROWING IMPORTANCE OF PEER-TO-PEER LENDING AND FORMALLY ANNOUNCES PLANS TO REGULATE BUSINESSES BY 2014. THE NEWS IS WELCOMED BY ALL PEER-TO-PEER LENDERS To find out how Funding Circle works go to Funding Circle IIIII

The Rise of Peer-to-Peer Lending

shared by jonin60seconds on Dec 12
This infographic tells the story of the The Rise of Peer-to-Peer Lending, boosted by the financial collapse in 2008. The collapse led to drastically reduced business lending by the banks so owners sou...


Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size