There are several internet site that help structture small to medium sized loans with the use of a bank. The concept is called "Peer to Peer Lending" This can be used for family loans or other network members to loan you money. Its an interesting concept! Some people can not get a bank loan and sometimes the bank rates are just too high to be realistic. These Peer to Peer loans can have competitive rates for the borrowers and improve on the money earned by the lender on the loan. There are almost certainly some risks as well that need to be taken into account. I do not know anyone who has ever tried these programs. I do know of business funding that has been done by Angel Investors. From a business standpoint I do know businesses that have used this informal Angel network to get operating funding or cash to expand when banks will not write the loans. I even used one almost 10 years ago when we were working to acquire a business.
You can learn more about the program through any of these three websites.
US.ZOPA.COM
PROSPER.COM
VIRGINMONEYUS.COM
Our website is
www.columbusfinancialplanningpros.com
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