Friday, October 31, 2008
Lending Club adds Washington and New Hampshire
Lending Club opened for lenders from 15 states and borrowers from all states a couple weeks ago. Since then they have added six more states. The two most recent additions are Washington State and New Hampshire. Rob Garcia, Director of Product Strategy, told me one of the top priorities for Lending Club is to add states as soon as they get clearance from state authorities.
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I always recommend tapping into your social network, especially family and friends, to get money and resources to start a business.
40billion.com is a site that helps entrepreneurs raise money for their small businesses through friends and family, rather than through traditional financial institutions. It is the first friends-and-family funding network for entrepreneurs. Using the Internet-based service, entrepreneurs connect with their social networks - friends, family, friends of family, colleagues, and others – to raise capital by requesting loans and contributions, and entrepreneurs can share their fundraising pages on MySpace and Facebook too. 40billion.com’s scalable platform facilitates the funding requests and generates customized loan documents to make it easier for an entrepreneur to manage many investors (lenders and donors), who can provide $50 to $10,000 each.
For more information, visit http://www.40billion.com
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