Small business funding can be a tricky thing. More and more, small businesses are looking for new ways to find investment capital, especially in a tight credit environment. A recent post at Inc.com looks at one possible solution: peer lending.
The basic idea behind peer lending is that you borrow a relatively low amount of money – usually less than about $30,000. A single website facilitates the loan, which can come from a large lending pool.
The post offers some advice about securing a peer-to-peer loan, as well, including things like polishing up your credit score and how to get the attention of a peer lender.