Paper Street connects people with established SME's that are profitable, and need term funding to achieve the next stage of growth. We have a strong due diligence process, which allows us to qualify and validate each SME that raises a term loan through our platform. Investors get a favourable interest rate on their loan, and get to support companies they like.
Just had a look and unfortunately for me at least the rate is not attractive enough to what can be achieved on a number of other platforms for a similar level of risk.
The collective knowledge on this forum about peer to peer lending is on par with Professor Stephen Hawking's knowledge of physics -EasterEgg
Thanks for the feedback! We appreciate it, one of the reasons we started this was to give P2P lenders more of a say in how they want to lend. We're continually updating the site, and in the next iteration over the weekend we will clean up the ratings information. Keep the feedback coming!
Post by Paper Street team on Jul 26, 2014 9:01:09 GMT
Thanks again for the feedback. We have updated the 'Paper Street Risk Ratings explained' and 'Equifax ScoreCheck Gradings explained' to open up the relevant definitions/explanations. Please sign up to Paper Street to start lending.