This concept of lending is growing rapidly both in the UK and abroad there are several providers at present and we expect the numbers to increase. All will undertake an initial assessment and due diligence process. Thereafter funds are secured via a pool of private individuals and financial institutions. This type of lending benefits the investor as the rate of return can be competitive compared to a traditional savings or pension pot. The business also benefits as the loan is often unsecured and the rates are sensible. The loan can be repaid at any time without penalty. This lending model also transfers well to other markets including equity loans property purchasing of sales invoices plant and machinery.