P2P Credit provides access to small business financing in the form of startup loans to fund new business ventures and operating loans which provide working capital for existing businesses.
Startup Business Loans and Operating Loans are available with fixed interest rates starting at 5.99%
A small business loan (operating loan) provides capital to finance inventory, advertising, expansion, and other day to day business expenses. If your business is experiencing cash flow problems due to rapid growth or seasonal flux, an infusion of capital is required not just to help you stay afloat, but to ensure future success. P2P Credit can match you with a small business loan that enables you to achieve your goals.
You are much more likely to qualify for a startup business loan through peer to peer lending than through sources of traditional financing (banks and credit unions). The reasoning is simple. Banks have strict risk scoring criteria and are typically unwilling to invest in a business without assets or a proven track record of success. Peer to peer investors are willing to take on this risk, assuming your past personal credit history is free of serious delinquencies or derogatories (limited options are available to borrowers with bad credit). Due to the low overhead associated with peer to peer lending platforms, interest rates for small business loans are more appealing as well. If you are ready to apply for financing and launch your startup, check your rate now and see what financial options are available.