What is friends, family and businesses relationship lending?

A friends, family and businesses relationship loan is a type of Peer-to-Peer lending (P2P). These types of loans are part of a fast growing trend of people lending/borrowing money to each other without the intermediary of a bank or financial institution. Often P2P loans are unsecured loans, which means the lender does not require the borrower to pledge assets or belongings as collateral.