ArchOver, the ‘secured and insured’ peer-to-peer lender has joined forces with The British Chambers of Commerce (BCC) to raise awareness of peer-to-peer lending as a source of finance for businesses.
This is the first time the BCC has formed a national partnership with a peer-to-peer lender. The initiative reflects the growing importance of the sector as a provider of company finance against the background of a steep decline in bank lending.
ArchOver is delivering a series of Crowdlending Masterclasses through the Accredited Chamber of Commerce network. The Masterclasses aim to provide local businesses with an introduction to crowd financing with the objective of helping businesses to gain access to finance.
David Riches, Executive Director, Commercial Services, at the British Chambers of Commerce said, “We are delighted to be working with ArchOver to deliver a series of Crowdlending Masterclasses through the Accredited Chamber Network. Businesses that sign up to the seminars will have the opportunity to learn more about the alternate sources of funding that are available and the beneficial impacts they can have on UK firms. There is a growing demand for alternative sources of funding from businesses with strong growth plans and we’re looking forward to seeing firms benefit from this new access to capital.”