SBA Loans Plummet

During the first quarter of its 2009 fiscal year (which is the last three months of 2008), the Small Business Administration dropped the total number of loans it backed by 57 percent ... s loan, meaning that 7(a) loans are actually provided by lenders who participate with the SBA [more...]

Date: 2009-01-15 14:32:25

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P2P Lending Gets Tougher As Another Door Opens

With Prosper and Loanio working on regulatory paperwork, LendingClub was the only peer-to-peer lender in town last quarter ... % for the highest-rated borrowers to 20.11% for the lowest. Borrowers are using the loans for debt consolidation, education, small business and other expenses under $25,000. The increase in traffic [more...]

Date: 2009-01-08 15:36:17

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