Money

[singlepic=20,320,240,,]Most Photographers starting a business have a hard time borrowing from traditional banks and may not be eligible for conventional loans to finance their photography venture. Perhaps your opening a new studio or upgrading your equipment. Well, there is help out there to jump start your business. P2P borrowing is the solution for financing your next photography project. The process with financing and borrowing money from P2P groups is a simpler process and it may help get you to the next level in your photography career.:
Prosper.com is the website that allows borrowers and lenders to get together at a person-to-person level. In other words, folks who wish to borrow or lend money utilize Prosper in an eBay-auction-like manner: Potential borrowers sign up with Prosper, undergo a slew of identity-verification checks, and then create listings wherein they detail (among other things) how much money they’d like to borrow, what interest rate they’re willing to pay, and for what purposes they need the cash.
I did some research and found additional online P2P lenders:

Richard Branson’s investment firm acquired a majority ownership stake in CircleLending. Branson is the founder and chairman of the Virgin Group. CircleLending has been rebranded Virgin Money USA ( www.virginmoneyus.com).
https://us.zopa.com/ Having already gathered three web awards since 2006, Zopa works by giving credit scores to borrowers for lenders information. The Lenders make offers with a certain amount and time period oriented towards on credit score (A+ to C). The Borrowers can then choose from the various offers they have towards their credit score. Since no bank is involved, Zopa does all the mediating – paperwork, checking legal the identity of the users and cases of missed payments. Another concept introduced by Zopa was the split lending – one user who needed 1000 € can get it from 50 different users until that amount is gathered. Of course, Zopa receives money through transition fees from both parties.
Kiva – Kiva is the “benefactor” of the P2P Lending Sites, as it focuses on loans to low-income entrepreneurs in developing countries. The Lenders can find what country, region, business and risks associated to their loan via the website and present a loan to the struggling business-man. Borrowers don’t apply for loans – they post their needs and the Lenders browse them, searching in their hearts for the best business opportunity while helping someone. Like Zopa, users can join together to raise the money needed – but while in Zopa it’s a Borrowers initiative, in Kiva it’s the Lender’s who contribute with what they can to each business. Field wise, each country has its own MFI (Micro Finance Institutions) who track the loans, their use and payments. Since it is a non-profit website, PayPal allowed Kiva to transfer the money without transaction fees – partially due to the fact that Kiva’s Presidente, Premal Shah, was Principal Product Manager at PayPal. This website has gained high visibility at Oprah’s, after which a lot of the struggling businesses found a happy ending to their financial needs;

The Lending Club – What differentiates this site is the lender-user match up service it consists upon and the use of the Facebook application platform to connect lenders and borrowers. It’s a use of the Social Graph and connection trust as security for the users. The Lending Club has high credit standards – they turn away borrowers who are too risky and do a rigorous checking before any transition, claiming to be the safest P2P Lending Site available. They focus on one-time event loans and credit card debt consolidation loans;
https://www.microplace.com/ – At MicroPlace, you can make investments that reach millions of hard-working poor people worldwide.

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