June 2011
Beginner to intermediate
256 pages
5h 19m
English
Content preview from Get Your Business Funded: Creative Methods for Getting the Money You NeedBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
How P2P Lending Works
Let's start with the bad news: Although peer-to-peer lending made a big splash when it first hit the market in 2007 or so, there were many ensuing bumps along the road. The major ones were that investors lost a lot of money investing in the small businesses that initially populated these P2P sites; businesses that looked better on paper than they were in reality.
Since then, the good news is that things are tighter and more uniform now. Those problems are receding. But that also means that fewer projects are getting accepted to these sites for possible funding and fewer still are getting funded.
That said, there are still businesses that do get accepted and funded. Step one is to find the right site for your business. There are several P2P sites from which to choose. The main ones are:
- Prosper.com
- LendingClub.com
Once you choose a site or sites, the next step in the P2P process is to fill out the online loan request form and profile. Being able to post your request on these various sites is not automatic. Like any good lender, the P2P sites now have stringent credit standards. At Lending Club, your debt-to-income ratio must be below 25 percent and you must have a FICO score of at least 660. At Prosper, it's 640. If you do not meet these standards you will not be able to post your request on the site. Once that happens, P2P sites offer instantaneous feedback, so you will know immediately if you qualify to post your project on the site (and it is free to fill ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.