ArchOver Business Lending

Empty words and no due diligence.I've made a number of investments of around £20k+ ranging from 6 months to 2 years with Archover. Overall the experience has been extremely disappointing, to say the leastFive of the investments have had to extend their repayment deadlines (often times multiple times), and two of them have defaulted.The secured and assigned loans are meant to be secured against the company's recurring revenues and assets, however, when a company couldn't pay its loan back, after a couple of years of going to court, the settlement agreed upon will 'not produce much'. This not to mention that the whole time the company allowed for the friends and family of the borrowing company to buy in the loan, creating a conflict of interest in the case of a default.So, the £6k invested in Archover's secured loans (the most secure ones) was thrown out the window. This accounts to about a 30% loss, with their safest loan option!!Their due diligence is non-existent because they are gambling with your money, not theirs + the companies borrowing have atrocious finances (otherwise they wouldn't be borrowing at these rates) and this makes a terrible combination. Do yourself a favour and avoid this company! Stick to the S&P500

Great platform for investment

Caring business dealing with P2P loans

Good place