Peer to peer lending is a simple solution for the small, home based business, in search of the best startup business loans. Not only will you find guaranteed approval on the loan, you will also find lower interest rates than what you receive through traditional lending institutions.
Borrowers can apply for higher loan amounts with peer to peer lending. With rates starting below 7%, you can borrow more, and pay less on the loan over time. And, with lending limits of up to $35,000, nearly any small business entity can get their business up and running with the loan they are applying for.
If you want to avoid being turned down because of a lower credit score, or lack of past lending transactions, peer to peer lending is a great option to consider. With Prosper, you will receive low fixed rates, on the startup business loans that you are applying for as a new business owner.