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 SME lending catches up with consumer loans

Latest figures show P2P lending to businesses is close to overtaking lending to consumers. As of June 16, cumulative P2P consumer lending stood at £1.583bn, while lending to SMEs totalled £1.581bn, according to the AltFi Liberum Volume Index. Business lending is also on a steeper growth curve. It reached £500m of cumulative loans in mid-2014, almost a year after consumer loans reached the same point say Harris & Co accountants Northampton, the specialist small business accountants

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