In 2006, Chris Larson co-founded Prosper.com for the eager entrepreneur and the independent lender. As the former CEO of e-Loan, Chris had a clear perspective of the opportunity for a “new way” of lending—combining technology, willing lenders, honest borrowers, and a return to former days of the “handshake deal.”
At Prosper.com, borrowers create listings that indicate the amount of money they are seeking, what it’s needed for, and their maximum interest they are willing to pay. Then, potential lenders respond and compete for the rate they are willing to agree to.
Where most banks will not provide financing, the Prosper network allows a whole new opportunity to borrowers and lenders.
While this probably isn’t the place to borrow $200k or more—it’s perfect for the $5,000 to $50,000 loan.
www.prosper.com;
How to Raise Some Capital Right Now—Prosper.com
Relevant Insight for Entrepreneurs
