Solving the SME Financing Puzzle: Has Online P2P Lending Got the Midas Touch?

(2018) 33 Journal of International Banking Law and Regulation 449-460

12 Pages Posted: 24 Mar 2018 Last revised: 25 Mar 2021

See all articles by Lerong Lu

Lerong Lu

The Dickson Poon School of Law, King's College London

Date Written: March 1, 2018

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. This article analyses the advantages of P2P loans and relevant regulatory issues.

Keywords: SME Finance, Loan-Based Crowdfunding, Peer-to-Peer Lending, P2P Lending, Banking Law, Financial Law, Financial Regulation, Fintech, Financial Technology, Company Law, Corporate Finance, Alternative Finance, Law and Finance, UK, London

Suggested Citation

Lu, Lerong, Solving the SME Financing Puzzle: Has Online P2P Lending Got the Midas Touch? (March 1, 2018). (2018) 33 Journal of International Banking Law and Regulation 449-460, Available at SSRN: https://ssrn.com/abstract=3144748

Lerong Lu (Contact Author)

The Dickson Poon School of Law, King's College London ( email )

Strand
London, WC2R 2LS
United Kingdom

HOME PAGE: http://www.kcl.ac.uk/people/lerong-lu

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