Does the P2P lending platform help small businesses? Deep scrutiny!
P2P lending is nothing but a way to allowing customers and novice entrepreneurs to access capital through the internet. It is similar to, taking a loan out from the bank, here the bank will be one of your peers. P2P lending really helped a lot of small entrepreneurs who are looking to borrow money and to open up their new business. In this article, let's get to know what P2P lending is and how P2P lending works. PEER-TO-PEER LENDING Peer to Peer lending is a platform that connects a borrower who is seeking a personal loan from an investor. The investor can earn higher returns from their investment than conventional banking systems in P2P lending channels. Verified borrowers are listed on the P2P lending platform to enhance the security of assets. Investors can see all the details about the borrower before lending money. P2P lending is almost like taking a loan from a bank. The only difference is instead of lending from the bank; you will lend ...