Bring in money with P2P Lending. Using sites like Prosper and Lending Club you too can leverage the opportunity to borrow cash from people willing to lend you their money. Get our free online course https://www.udemy.com/peertopeerlending/
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3. Key Learning Outcomes
● Building Winning Profiles
● Best Practices
● Pros & Cons of Using P2P
● Understand how to use P2P Platforms to
Bring in Short Term Capital
● Use The Platforms as a Way to Build Credit
4. Why P2P Lending is Important
● Secure quick loans
● Tool to learn about borrowing money
● Provides a new financial medium
● An easier platform to get loans
● Fewer middlemen
● Good alternative to bank financing
● Unsecured Loans: No Collateral Required
● A way to build credit
5. Unprecedented Access to Capital
● People have borrowed from banks for a long
time. The value of the banking system has
decreased because you can now find the
same small loans with lending sites.
● Real investors are on these sites
● Real investors want to find deal prospects
● Opportunity to build rapport with investors
6. Typical Criteria
● U.S. citizen or permanent resident
● Valid bank account
● Minimum FICO score
● Minimum Debt-to-income ratio
● Minimum loan: $1,000
● Maximum loan: $35,000
Average interest rate is 12%; Range of interest
rates: 7% to 30%; three-year loans with no
prepayment penalties
7. Building a Robust P2P Profile
● Quality Picture(s)
● Use headline to demonstrate passion
● Describe capabilities to best position
yourself
● Be specific on use of the money
8. P2P Lending & Startups
Debt can be a difficult burden to bear for a
start-up company and it is encouraged that you
find funds elsewhere first.
9. FAQ'S
Why do P2P instead of borrowing from a bank?
● Banks require collateral
● P2P loans are often made because of an
emotional hook
10. FAQ'S
Pros & Cons of P2P Lending?
Pros
● Good return for investors
● More options for borrowers
● Fewer hurdles than traditional banking
Cons
● Limited maximum loan amount
● Fees
11. FAQ'S
At what point am I ready to put my profile on
any of these sites?
Be prepared. Make sure you do your
homework and your application material is as
complete as possible. The better prepared you
are and better you present yourself, the more
likely you are to have success.
12. Next Steps
● Join our Master Fundraising Course
● Join us now for 50% off
● "FAN" www.udemy.com/raisemoneyusingdigitalmedia/
● Feedback: Jason (at) INVESTyR.com