Who Needs Banks? PayPal and Lending Club Want to Make Small Business Loans
We warmly welcome LendingClub to the small business lending market! LendingClub adds clout and legitimacy to the market for non bank lending to small business. Ultimately that leads to maturity of the industry and that in turn leads to improved liquidity and better credit terms for small business owners. Full story on the new players in small business lending in Business Week.