What is Peer-to-Peer Lending: An Illustrated Explanation

If you're reading this article, it's probably because you're wondering, "What is peer-to-peer lending and how does it work?" Well, we're going to explain exactly what it is for you in an easy to understand way as well as provide a great infographic to help illustrate some of the major points. With traditional banks denying loans to small […]

Unsecured Business Line of Credit Advantages & Options

Are you looking to grow your business? Well, it goes without saying that "it takes money to make money." That's one reason that an unsecured business line of credit is the secret weapon of many successful companies. Business capital is the lifeblood of successful ventures, businesses die without it. So to start, we'll explain what […]

Why Peer-to-Peer Business Lending Is Ideal For Company Financing

Peer-to-peer business lending is becoming a disruptive force in the business financing sector. Companies in need of business capital are seeking out p2p lenders for loans more and more. And with success. Why are people and businesses in need of financing turning to the crowdfunding? InvestNextDoor, a Seattle-based crowdlending platform, put together the infographic you'll […]

Medical Loans for IVF - New In Vitro Financing Options

Are you looking for medical loans for IVF? Affordable financing for fertility expenses including treatments, procedures, and medications are available when you know where to look and who to talk to. That's exactly what we'll show you how to do in this article. You'll know everything you need to know to get In Vitro financing […]

What's The Difference Between Peer-to-Peer Lending & Crowdfunding?

Are you an entrepreneur looking to start or grow your own business? If so, you may have heard many relatively new terms thrown around that come from the fintech world. All of a sudden peer-to-peer lending, crowdfunding and marketplace lending are being talked about as options for people that the banks aren't willing to loan […]

Goldman Sachs To Start Making Small Business Loans Online

From www.QZ.com - Goldman Sachs just hired a new partner to help bring it into the digital age. Harit Talwar, who recently left his post as head of card services at Discover after 15 years, will be leading a new effort for the bank to lend money to consumers and small businesses over the Internet. […]

Student Loan Refinancing Options Opening Up Because Of Fintech

From www.huffingtonpost.com - The rise of financial technology (fintech) companies is undeniable and student loan refinancing online is increasing. In 2014, Lending Club and OnDeck went public, and over 500 fintech startups attracted private financing. In the student loan refinancing market, there has been a rapid expansion of lenders participating in the market over the […]

Do We Need Banks For Small Business Loans When Online Lenders Do Better?

From www.forbes.com - I just read two articles about microfinance that surprised me. One pointed out how convenient and competitive the online peer-to-peer lending sites had become. The second pointed out the low loss ratio at these lending sites. In essence, the article said that “loans at Kiva are repaid at a rate of 98.75 […]

When Banks Make Getting a Small Business Loan Impossible Businesses Die

From www.outputmagazine.com - Four and a half years ago I launched a business that would fill a gap in the trade media and provide jobs to four under-30s who, otherwise, wouldn't have one. From a standing start we made a thin but credible profit in each of our first three years. Proudly, we turned to […]

New Lending Startups Use Instant Data Science To Judge Your Creditworthiness

From www.nytimes.com - When bankers of the future decide whether to make a loan, they may look to see if potential customers use only capital letters when filling out forms, or at the amount of time they spend online reading terms and conditions — and not so much at credit history. These signals about behavior […]

AP Finance Writer Discovers Peer-to-Peer Lending & Avoids The Bank

From finance.yahoo.com - When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into […]

Medical Loans Are Becoming a Target For Peer-to-Peer Lenders

From www.bloomberg.com - A year ago, Lesley Johnston weighed 298 pounds. At 30, the Norman (Okla.) resident suffered from hypertension, a rapid heart rate, and sleep apnea so severe she slept attached to a machine. In July, Johnston had bariatric surgery to shrink the size of her stomach. So far she’s lost 72 pounds, and […]

Women Entrepreneurs Are Finding P2P Lenders Less Daunting Than Banks

From fundingcircle.wpengine.com - Did you know there are 9.1 million women-owned businesses in the United States? Our country’s awe-inspiring female entrepreneurs employ 7.6 million people and generated $1.4 trillion in sales last year.* So why do women-owned small businesses only account for 4.4 percent of total approved business loans nationwide?* According to a survey by […]

P2P Lending Will Become "Traditional" For High-Tech Millennials

From www.blog.lendit.co - Recently I heard a “soft rock” version of Nirvana’s Smells Like Teen Spirit. As shocking as that was, it got me thinking a bit about how over time “alternative” things go mainstream. In the banking context, peer-to-peer or non-bank lenders are still “alternative” and they still represent a very small part of […]

Comparing Dealstruck & Funding Circle For Your Small Business Loan Needs

From www.nerdwallet.com - Getting a bank loan for your small business is a slow, difficult task. Traditional bank loans typically require borrowers to have a high credit score, strong cash flow and be in business for at least two years, and even if you get approved for such a loan, you’ll have to wait several […]

5 Benefits For Borrowers Who Choose P2P Loans

From www.huffingtonpost.com - This personal loan platform connects investors in search of returns that are higher than banks are paying with borrowers seeking loans of $1,000 to $35,000. Interest rates are set based on the borrower's credit score and investors have the option to choose the risk level they're willing to take. And rather than […]

Comparing Peer-To-Peer Lending Companies - OnDeck Capital VS Lending Club

From www.valuewalk.com - Ondeck Capital and Lending Club offer online alternative to traditional bank lending, but the business models of the alternative lenders are substantially different, according to the analysts. Palmer and Bologna said Lending Club does not take credit risk while OnDeck Capital takes risk—the most obvious difference between the two alternative lenders. Avant […]

P2P Lending Is a Win-Win For Both Borrowers & Investing Lendors

From www.patchofland.com - The popularity of P2P lending quickly spread once people began to realize the advantages it has over traditional hard money lenders. One of the advantages for borrowers is having direct access to a large pool of capital without having to go through an institutional investor, or find a private source of funding. […]

Peer-to-Peer Lending Benefiting From Horrible Bank Loan Services

From www.crowdfundinsider.com - The Financial Crisis of 2008/2009 has a lot to do with this. Many of the county’s top banks have paid fines for unbecoming activities associated with the crisis. Since 2009, those fines have totaled $184 billion … over 117 legal cases. And here’s the kicker, there are 174 cases still outstanding, in […]

7 Rules For Lending & Loaning From P2P Platforms

From www.consumerreports.org - Since 2009, bankers have stopped paying any meaningful interest on deposits, they rarely lend to small businesses and when they do lend, it can be at rates in excess of 10 percent, even to borrowers with excellent credit. (The current annual percentage rate for low-interest credit cards is 10.4 percent, on average, according […]

How To Get Loans Approved With Prosper & Lending Club

Before applying for a loan at Prosper or Lending Club you need to learn the do's and don'ts and necessary requirements to avoid rejection. This requires proper research as well as a clear understanding of your financial standing. Understanding these things will help get approved easier at better rates and make lenders more likely to […]

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