Search results for peer-to-peer lending

Advice from your peers in other industries can provide new perspective and immediate solutions to pressing problems. Steve MacGill, CEO of Peersight Online, discusses why in this guest post.  More...
Small business is becoming big business for credit-card issuers. With the consumer market saturated, card issuers and banks are expanding their credit-card offerings for small businesses in a bid to get in on what they see as an untapped market. Estimates vary, but American Express says only about 14% of the more than $2 trillion small business  More...
One of the questions I'm asked most often is, "Where do I get money to start my business?" These questions often come with tidbits of other information like reports of bad credit, former bankruptcies, or empty wallets. The truth is it's difficult to find startup funding. Heck, these days it's hard for established, successful business owners t  More...
It's hard to get traditional loans these days. But as banks tighten their purse strings, hedge funds are offering asset-based loans to small companies  More...
Michigan's economy, like many others, has become increasingly reliant on the business savvy of emerging entrepreneurs stressed by long hours and no guaranteed paycheck. For an entrepreneur, developing comprehensive business skills while staying sane is no small trick. Burnout is a major pitfall. "As that [skill set] is being cultivated  More...
Kris Steele used FreeCreditReport.com check on his credit, but a couple of months later, Mr. Steele noticed the site had been charging his credit card. While he believed he had signed up for a free report, he had actually enrolled in a credit-monitoring service that cost $14.95 a month. He says he never expected that it would cost anything. Co  More...
The Senate has approved an extra $107 million in funding for federal small-business programs overseen by the Small Business Administration. A bill passed late last week by the Senate Appropriations Committee boosts funding for some of the agency's core programs by as much as 50%, including more resources for women, veterans and native American  More...
Small-business exporters may face a problem in obtaining money from their lenders to buy or produce the goods or services to fulfill an export contract. They may not have the collateral to obtain sufficient working capital loans from their banks, particularly in times of tightened credit. Enter the Export-Import Bank of the United States, the g  More...
Strategy and who needs it is explained in a post by Steve MacGill, CEO and Founder of PeerSight Online (www.peersightonline.com).  More...
Join leading CEOs, entrepreneurs, business owners, angel investors, venture capitalists, and bankers at this one-day summit on July 11th in New York City. The NYC 2008 | Women's Entrepreneurial Leadership Summit offers a unique immersion in entrepreneurial leadership, management, innovation, business development, and entrepreneurial financing  More...
Loan fraud has been a long-standing, widespread problem within the Small Business Administration and has cost taxpayers literally hundreds of millions of dollars. But when a senior executive of Business Loan Express engineered a particularly brazen $76 million loan scam early last year, it was widely thought the SBA had finally learned its lesson.  More...
While most financial-services firms are floundering, those that specialize in so-called merchant cash advances are thriving. That's a mixed blessing for small business owners who increasingly are turning to these sources for quick cash: Their money can come with a high price tag.  More...
The turbulent economy is exposing yet another type of credit where bankers let their guard down: small-business loans. Missed payments and losses on small-business loans are surging at banks throughout the country that were so eager to pad their profits that they essentially threw typical underwriting methods out the window. Some lenders doled  More...
These days, small-business owners like Metzger have to be creative about getting the money to start and expand their companies. Many are turning to nontraditional sources, such as credit unions. Increasing numbers are going to online lending sites that cut out the traditional bank middleman and to factoring companies, which buy companies' future  More...
In the last 30 days, lenders have sent several hundred thousand letters advising borrowers that their home equity lines of credit are frozen. Small-business owners who use home equity lines to bridge cash-flow gaps throughout the year are also being stricken by these curbs.  More...