Results 1 to 8 of 8
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10-24-2013, 10:14 PM #1
Panel Discussion Video-alternative lending
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10-25-2013, 01:36 AM #2
http://www.forbes.com/sites/tomioger...ng-industry/2/
$1.5B valuation/IPO 2014 and entering business loans after success w/peer to peer-Lending Club-
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10-25-2013, 11:11 AM #3
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
That's a really solid business. I wonder if this model could ever work in the MCA space. The main problem is that the APR range would be from 30% to 100%.
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10-30-2013, 06:53 PM #4
Looks like lending club already jumped in-
https://www.lendingclub.com/public/b...s-loans.action
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10-30-2013, 07:01 PM #5
Wow great link mca.vet. Google money officially in play
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10-30-2013, 09:45 PM #6
If you look at bottom- loans are done by web bank- web bank is also behind new logic , dell financial, bill me later and I heard pay pals entrance to funding- they have been busy at web bank!
Here's a link to PayPal and web bank alliance also-
http://mobile.businessweek.com/articles/2013-09-24/paypal-breaks-into-small-business-lendingLast edited by MCAVeteran; 10-30-2013 at 09:50 PM. Reason: Add link to PayPal Lending
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10-31-2013, 07:40 AM #7
This is not their business loan program. This is one of their personal loan landing pages in which they have marketed their personal loans to business owners for a long time. I was an affiliate of Lending Club for a while and this is one of the landing pages you could choose. Their business loan program will be different than this and isn't slated to start until 2014.
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10-31-2013, 01:02 PM #8
Good info Sean-
Google either way has entered this bz- through lending club and ODC -
http://www.thestreet.mobi/story/1191...e-lending.html
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