Inventory Floor Planning Solutions

Posts Tagged ‘Prosper’

I just finished reading this at www.businessweek.com, while I like the Prosper.com idea the risk of unsecured lending to strangers seems to great for the private investor. We believe investors should focus on their local communities and reduce risk by holding title to physical collateral, that is what floor plan financing is all about.

Excerpt,

Once seen as the future of financing for entrepreneurs, the social-networking approach has suffered from high defaults

By Amy Barrett

It has been a year of setbacks for peer-to-peer lenders such as Prosper, Lending Club, and Zopa, which use the Web to connect those who need a loan with individuals willing to act as lenders. Once positioned to become an alternative financing spigot for entrepreneurs, the nascent industry has been hit by regulatory issues, a slow economy, and a slew of defaults.

Read the full story here www.businessweek.com

Technorati Tags: entrepreneurs, Financing, Peer to Peer Lending, Prosper