Friday, June 16, 2006

Small Biz Owners "Prosper"

Awhile back I wrote about a cool money lending website called Prosper matches up those seeking money with those that have it to lend and basically takes out scary middle men like the bank...the SBA...and all those other organizations that *sometimes* seem to make it harder, rather than easier to borrow money.

I think the idea is wonderful, particularly for those looking for smaller amounts of startup capital (you can borrow up to $25,000). So I was pretty happy to see this article on Startup Journal about a couple of small business owners who actually successfully used to fund their own ventures.

It seems like as more and more of us jump onto the entrepreneurial bandwagon, sites like (and others we've yet to think of) will continue hitting the scene and building momentum.

There are resources out there for those that need to borrow cash and are not able to do so through traditional means. Check out the SBA's Micro Loan program or Innovative Bank's SOHO (small office/home office) loan. Another good resource for information is your local SCORE office (NOTE: Though SCORE is a great resource in general, I've also met with a counselor that told me if I thought I would be successful selling on the internet, I was "out of my mind." So, if you happen to find someone there who is not quite as helpful, ask for a new counselor!).

Finally, there are still some 0% credit cards out there (though they are not as plentiful these days as they used to be). I'm not one to encourage credit card debt, but this can be an insanely way of helping out a small biz owner in the early stages when you need a bit of cash. Just don't let your bills get out of control, and watch your trial period like a hawk! Well before your 0% expiration date comes around, transfer your balance to another 0% or low interest rate card.


Anonymous said...

really cool site, thanks for sharing.

Chris said...
This comment has been removed by a blog administrator.
Chris said...

I posted a 6-month review of and I cited this article. If you're interested please check it out!

Go to article on

Anonymous said...

Online entrepreneurial funding options keep expanding. I like it.

In addition to Prosper, there are a number of other new online Peer to Peer Lending entrants in the US. The interesting thing about all of these is that, as more of them come online, while they're all limited to around $25k/ea max per loan at the moment, there's nothing stopping any business owner who might reasonably need 2 or 3 times that amount, from hitting up each of the sites for the max - or, say, if you only need $30k, to break it up into $10k chunks per P2P platform, in order to secure lower interest rates on each (as lower loan amounts tend to receive lower interest rates on these sites)... lots of possibilities.

AIB FUNDING. said...

I now own a business of my own with the help of Elegantloanfirm with a loan of $900,000.00 USD. at 2% rate charges, at first i taught with was all a joke until my loan request was  process under five working days and my requested funds was transfer to me. am now a proud owner of a large business with 15 staffs working under me. All thanks to the loan officer Russ Harry he is a God sent, you can contact them to improve your business on.. email--

erection pills viagra online said...

I all the time used to read post in news papers but now as I am a user of web so from now I am using net for articles, thanks to web.

Rebecca Michaelson said...

HELLO, I am Rebecca Michaelson by name living in Europe. Here is a good news for those interested. There is away you can earn money without stress contact (THOMAS FREDDIE) for a blank [ATM CARD] today and be among the lucky once who are benefiting from this cards. This PROGRAMMED blank ATM card is capable of hacking into any ATM machine anywhere in the world. I got my master card from a good Hacker on the internet, with this ATM Card I am able to collect $5000 dollars every day via contacts:
+1 (985) 465-8370 {}
I was very poor but this card have made me rich and happy, If you want to get this opportunity to become rich and establish your business then apply for this Master card, I am so happy about this because i got mine last week and I have used it to get $240,000.00 dollars from THOMAS FREDDIE UNLIMITED Hackers is giving out the card just to help the poor and needy and they ALSO OFFER FINANCIAL ASSISTANCE. get yours from THOMAS FREDDIE UNLIMITED HACKERS today. Kindly contact them by Email

Thank You and God bless


I have learned a lot from your article, Thanks for this peace of mind that is worth millions of dollars.
Only people with clean hearts can share these types of hidden information to the public freely, same as Hi-Tech programmers have been helping people around the world for obtaining from banks and lenders,
* Personal Loans  
* Credit Card Loans
* Home Loans
* Car Loans
* Two-Wheeler Loans
* Small Business Loans
* Payday Loans
* Cash Advances

With their UNDETECTED FAKE BANK STATEMENTS still unknown to many individuals you can also join their 209.3k members TELEGRAM GROUP
to share your own opinion with the rest of the groups members.
Thanks once more for this powerful article.

Cellule Anti-cybercriminalite said...

l'Organisme International de Répression Contre la Cybercriminalité et la Brigade d'enquêtes sur les fraudes aux technologies de l’information créés par les pouvoirs publics et en collaboration par Interpol mondial sont à la disposition de toute personne victime de toutes formes d'escroquerie sur internet. Contactez-nous directement à l'adresse suivante: /

Votre plainte sera immédiatement prise en compte par nos experts et une procédure sera mise en œuvre de l'arrestation jusqu'au remboursement de la somme arnaquée y compris le dédommagement dans certains cas.