Peer to Peer Lending
Answer:
Peer-to-peer-lending (P2P) involves sharing your idea to other people in hopes they will invest in your business. Websites connect people who want to lend money with those who need to borrow money - often in increments as low as $25. You determine how much you need to borrow, define the purpose of the loan, and post your listing online. Resources:
- Crowdfunding in Washington State http://www.dfi.wa.gov/small-business/crowdfunding
- P2P Lending and Crowdfunding: Explore the new frontier for small business lending https://www.sba.gov/blogs/p2p-lending-and-crowdfunding-explore-new-frontier-small-business-lending
Peer to peer lending - a source of small business financing http://bizfinance.about.com/od/alternativesources/a/Peer_to_Peer_Lending.htm
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