The peer-to-peer (P2P) lending enterprize model allows small enterprises (SMBs) to increase money without always approaching old-fashioned loan providers such as for example banking institutions. More particularly, this business structure provides business owners a platform that is online may use to communicate and get funds straight from prospective investors.
To find out more, have a look at infographic below produced by Norwich University’s on line MBA system.
A summary of P2P Lending
Contemporary lending that is p2P ordinarily just take place online where borrowers and lenders join P2P online platforms such as for instance Prosper and Lending Club. Individuals typically enroll as either borrowers or loan providers. After joining, a debtor submits that loan application for review along side an agenda detailing just how she or he intends to invest the cash raised. Continue reading “Advantages and disadvantages of Peer-to-Peer Lending for your small business”