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05-06-2013, 05:28 PM #1
- Join Date
- May 2013
- Posts
- 18
Actually their entrance into small business lending is imminent. That's pretty important.
http://www.lendacademy.com/lending-c...ing-operation/
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05-06-2013, 05:39 PM #2
Great find Gini Co
Some very interesting takeaways:
"Experienced p2p investors know that the small business category on Lending Club is one of the worst performing categories of all – significantly underperforming debt consolidation loans. So doesn’t that mean it is a bad idea? I would answer no to that question. The people taking out “small business” loans on Lending Club today are really taking out personal loans and using it for small business purposes. What Lending Club is talking about here is creating a completely new underwriting model where the loan is made to the business not the individual."Last edited by Sean Cash; 05-06-2013 at 06:16 PM.