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in 2010 Andrew Mullinger, Samir Desai and James Meekings created Funding Circle and it is brilliant for alternate income.
Funding Circle has been in business since 2010 and is a lending marketplace that allows investors to lend funds directly to SMEs. Funding Circle was the first business to allow peer-to-peer lending for businesses in the UK and now operates in the Netherlands, Germany, US & UK. Funding Circle has facilitated over £5 billion in loans to SMEs as at June 2018.
The normal Return on Investment can be up to 8.1% which is better than many Hedge Funds. The way they handle defaults is a lot better than some banks. When a lender defaults, Funding Circle will reduce the payments allowing the borrower to recover. Often the business is able to return nearly all of the money lent.