Banking 2.0- A New Source of Funds For Small Businesses

Lendonline_clk_2 The Person-to-Person (P2P) lending marketplace is an exchange where outsiders are allowed to lend at market rates and anyone who passes the underwriting is allowed to borrow.  This space has grown in part due to the  tightening of the conventional credit markets.  Forbes recently posted a fantastic overview in their Entrepreneur’s Guide to Person-To-Person Lending Sites for those interested in seeking funds in the P2P marketplace.

A quick question for any well-informed IE reader, is there a site that offers P2P services to non-profits or social enterprises with lower service fees and interest rates?

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.


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