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    2 Replies Latest reply on Feb 12, 2008 6:40 PM by LUCKIEST

    New Non-Traditional funding source

    gill123 Newbie

      Hey now this is my kinda loan...website loaned this guy $$ to start a Christian Comedy Club. Wonder if they will loan me $ for my agnostic heckling club. Looks for real, though . The guy is at https://us.zopa.com/co/AboutMe.aspx?Id=18 rest of site is at http://us.zopa.com/
        • Re: New Non-Traditional funding source
          Lighthouse24 Ranger

          This is a UK-based "social lender" (similar to Prosper.com). According to a BusinessWeek article (12/21/07), Zopa just began operating in the USA on December 8, and will broker loans for up to five years for amounts from $1K to $25K. The main advantage they offer (according to the article) is that loan applications are decided upon immediately and there are no transaction fees if loan payments are set up to be automatic and electronic (and are made on time). The main disadvantage is that interest rates are based on the borrowers' credit, and individuals with FICO scores below 640 are normally rejected outright.
          • Re: New Non-Traditional funding source
            LUCKIEST Guide
            1*23, Tell us more*., New Non-Traditional funding source
            Do not understand?? Are you looking for a loan?? or lending money??
            Go to Members page and add a few words about your business
            LUCKIEST