Peer-to-Peer Business Lending Gives Banks a Run for their Money
It used to be that the only way small businesses could obtain a loan was to visit their local bank. For new operations, that meant pledging the house to get the loan in some cases, and at other times, being turned down flat. The lack of access to easy lending or financial markets often meant that new businesses didn’t get off the ground or the founder needed several years of personal savings to do so.
The advent of peer-to-peer business lending in its various guises is changing all that.
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