Peer-to-Peer Lending for Home Businesses
 Prosper
Marketplace offers peer-to-peer loans at rates as low as 7.4% APR. They don't have any
hidden fees or pre-payment penalties either. (They were also listed in the Wall Street Journal's
Top 50 Venture-Funded Companies).
They have a simple 4-step process for borrowers:
- Create your listing
- Lenders choose to invest in your project
- You receive the money
- You make monthly payments on the loan
 Borrow Money!
During your listing process, prosper views your credit report in order to assign you a
"Prosper Score". Your Prosper Score will determine your interest rate, so as with any financing
process, it is a good idea to review your credit report and make any adjustments before starting the
listing process.
Prosper also assists their borrowers in obtaining the financing they want by providing 6 steps to
creating a successful borrower listing.
There is a borrower closing fee on loans, and the rate is also determined by your Prosper Rate. The fee is
taken from the loan amount before it is distributed to the borrower, so you don't have to pay money up
front.
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