Peer to Peer Lending Not Yet Ready to Rescue Small Businesses
While a few years ago peer-to-peer lending seemed like a great way to find financing for your small business or start-up, it has yet to replace the banks as the small business’s choice of lender. Peer to peer lending isn’t achieving the growth it attained at its inception, and is still facing much scrutiny from state and federal regulators. With banks hardly lending, capital markets completely unattainable and peer to peer lending not quite taking off, it is becoming increasingly difficult for small businesses and start-ups to find the capital they need- be it $5,000 or $500,000- to finance their business and get a new venture off the ground.
While the following article does not concern peer to peer lending with respect to business financing, it provides a good intro into peer to peer lending services.