Peer Lending for Entrepreneurs
Person-to-person lending can score the cash your business needs.
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 CardRatings.com 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
Other: Minimum credit score of 640 Fixed interest rates
Offers: 3-year unsecured personal loans $25,000
Other: Minimum credit score of 660
Fixed interest rates
Allows up to two loans
Offers: Loan terms vary
Other: No minimum credit score
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