Subscribe to Entrepreneur for $5

Peer Lending for Entrepreneurs

Person-to-person lending can score the cash your business needs.

This story appears in the February 2010 issue of Entrepreneur. Subscribe »

If your banks aren't showing the credit love lately and you don't have a wealthy friend or uncle in the ranks, there still may be hope. Curtis Arnold, founder of and co-author of The Complete Idiot's Guide to Person-to-Person Lending, says person-to-person, sometimes called peer-to-peer, or P2P, lending, has taken off and may provide options for cash-strapped businesses.

Offers: Fully amortized 3-year unsecured personal loans

Limit<:/strong> $25,000

Other: Minimum credit score of 640 Fixed interest rates


Offers: 3-year unsecured personal loans $25,000

Limit: $25,000

Other: Minimum credit score of 660

Fixed interest rates

Allows up to two loans

Offers: Loan terms vary

Limit: $100,000

Other: No minimum credit score

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Entrepreneur Editors' Picks