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 […]

Funding Circle Will Invest In Technology & Talent To Help Small Businesses Get Loans

From www.fundingcircle.com - Funding Circle, the world’s leading online marketplace for business lending, today announces it has raised $150 million (~£100 million) in equity capital, in a round led by DST Global, with participation from Baillie Gifford, a fund managed by BlackRock, Sands Capital Ventures and Temasek. Goldman Sachs acted as exclusive placement agent for […]

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 […]

Franchise Lending: ApplePie Capital CEO Feels Confident About The Promising Crowdfunding Niche

From www.nrn.com - Sophisticated investors — or investors who are deemed to have sufficient investing experience to weigh the risks of an investing opportunity, based on federal standards — can then invest at least $1,000 to purchase fractional shares to fund a loan. The loans can be attractive investments, Thomas said, because they provide a […]

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 […]

Lending Club & Alibaba Join Forces To Help Small Businesses Get Funding

From www.nytimes.com - “This partnership is going to make a pretty big difference in terms of U.S. business’ ability to buy goods from China,” Renaud Laplanche, the chief executive of Lending Club, said in a telephone interview. And it is a unifying of two of the most talked-about online marketplaces of the moment. Avant loans […]

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 […]

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 […]

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 Alternate Lending Changed Forever In 2014 - Year In Review

From www.spendmatters.com - The first of course is the rise of alternative lending products that go by such categories as online receivable auctions, private pcard exchanges, and peer to peer or marketplace lending. There are actually several dynamics in one so we will look at each separately. We know the investor world is in love […]

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