January 18, 2013
Very interesting read by the founder of a peer-to-peer alternative small business lending company in the U.K.
Peer-to-peer matches private investors with small businesses. “By enabling people across the country to lend as little as £20 to individual businesses and enjoy a typical 6 per cent return, we’ve opened the door to a new army of potential investors. We have now helped more than 1,400 different businesses with loans totalling over £70 million. New borrowing is running at £7 million a month, a figure growing all the time.”
The key takeaway from the article is the line, “These new types of businesses are leveraging the disruptive power of the internet to deliver solutions that are better, faster and more efficient than traditional operators.”