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 […]

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 […]

Startups Embracing P2P Small Business Unsecured Loans

From www.fortune.com - Earlier this month, the momentum behind the online lending industry was in full view at LendIt—an industry gathering that didn’t exist four years ago, but grew from about 700 attendees last year to more than 2,500 this year. What was clear is that it’s no longer a question of whether these disruptors […]

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 […]

Banks Getting Knocked Off Balance By Surge Of P2P Lending's Popularity

From www.smh.com.au - If you think it sounds like a pretty good deal, you are not alone. Borrowers and savers in the United States and Britain have been flocking to P2P platforms, which are able to offer more competitive rates by cutting out the costs banks create as middlemen. Equity investors are getting pretty excited, […]

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 […]

Entrepreneurial-Minded Millenials Are Seizing Alternative Lending Options

From www.smallbiztrends.com - David Solis, sales performance manager at Bank of America told CNN: “Millennials are on the earlier curve of their small business ownership and entrepreneurial paths. It makes sense that they’re going to be pursuing alternative forms of lending.” But in addition to those factors, technology just seems to be having this kind […]

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 […]

The Average Joe Will Know About P2P Lending In 2015

From www.moneysavingexpert.com - I suspect about a year ago most people hadn't heard of Peer-to-Peer (P2P) lending; come 2015 they will definitely be hearing about it a lot more. The year 2014 has been a significant year for our sector. In April, we became fully regulated by the Financial Conduct Authority and in his spring […]

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