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Loans From The Highest Bidder

Filed in archive Finance by Deborah Brown on June 15, 2006

Loans From The Highest Bidder
In the May edition of INC. Magazine. there was a small blurb sharing this exciting tip:

You can now obtain a small business loan, e-bay style. You can log onto Prosper.com with basic information about your business type, the reason for the loan, the amount you want and your credit score. Then people can offer up all or part of the amount you need.

You can even request what interest ratelinks you want to pay!
For more information visit www.prosper.com. Loans range from $2,500 on up for schooling, surgery, debt consolidation and business ventures.

I wonder how the banks feel about this. What do you think?


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Tags: business  loans  small  finance  highest+bidder  small+business  please+enter 

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