February 6, 2010 in P2P Loans | Tags: Business, Financial services, Interest rate, Lending Club Borrowers, Loan, New York Post, Person-to-person lending, United States
photo credit: AmandaLouise
With banks constricting their lending opportunities for borrowers these past months, The New York Post’s video about the benefits of person-to-person lending is a short but incisive analysis of the credit program. The concept is simple: financial intermediaries are eliminated but the firm manages to match borrowers and lenders together minus the [...]
October 27, 2009 in Business Loans | Tags: Business, Credit card, Dun & Bradstreet, Employer Identification Number, Interest rate, Loan, Paydex, Small business
photo credit: justgrimes
There is a tendency for people to think when bad news about the economy strikes the worst thing they could do is attempt to start a small business. This could not be farther from the truth. There is no such thing as a bad time to start a business, provided you go [...]
March 8, 2009 in Borrowers, Business Loans, How it Works, Investing, Loans | Tags: Business, Credit risk, Interest rate, Investing, Lending Club Borrowers, Loan, Peer-to-peer, Person-to-person lending
photo credit: norrelb
With any investment or loan there needs to be an interest rate charged. Lending Club uses a formula that takes into account several factors, but it really begins with the assigning of a loan grade.
The first step in getting any peer to peer loan on Lending Club is borrowers must apply for [...]
March 6, 2009 in Peer To Peer Loans | Tags: Business, Credit card, Financial services, Interest rate, Loan, Payday loan, Person-to-person lending, Small business
photo credit: karpov the wrecked train
As the credit crunch continues, more and more business owners and entrepreneurs are turning to less traditional methods of business financing. Usually, the requirements for receiving these non-traditional business loans are not as strict as bank requirements, even during times of a booming economy. Now, as people who would [...]