| By Jim Bruene on October 9, 2008 5:37 PM | Comments (1) |
As noted here last week, Loanio launched its much anticipated peer-to-peer lending exchange Oct. 1.
And we are lucky that founder Michael Solomon has agreed to take the stage this Tuesday at Finovate to show everyone the results of his nearly two-year development effort.
The reason for the last-minute addition is that another P2P lender planning to launch at Finovate, Pertuity Direct, has delayed its grand opening to ensure that regulators are comfortable with its business. Given recent worldwide events, that's understandable. We look forward to seeing its demo at Finovate 2009.
There are still a few seats remaining at the nearly sold-out event (registration is here). The complete lineup is listed here.
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Hey Jim,
forgive me if you've already been sounding out about this, but man, i think you can help solve this financial crisis, especially for small business owners.
I have been reading questions over at the WSJ, the part of the Journal aimed at Small Biz, and they are asking questions about creative financing, recession-busting strategies. And here's the part that you may have already covered in your blog, small biz could potentially use P2P Lenders to borrow at least part of their cashflow needs. If they cannot get it from a bank, one of the p2p plays could make it possible to get it from the community.
Bad idea? I'll let you decide that and maybe explore it. But i hear small biz people saying, "i just need a small loan to tide me over, but my credit line seems to have vanished..." Or they are not sure if it will be there in the near future.
Just a thought that could spark some solutions or opportunities for the p2p crowd.
Can't wait to hear the results from the awesome Finovate event next week!!