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How Do I Get Started With Peer-to-Peer Lending?

Peer-to-peer lending steps, shared by the Small Business Administration, include:

  • Have a plan. Make sure to include what you find out from market research, competitive analysis, financial forecasts, expected returns and more.

  • Tell your story. Tell what you hope to achieve and what your background is.

  • Share your achievements and progress. Basically, sell yourself and your business. How much have you invested yourself and at what stage is your business? What milestones have you reached? You want to prove to potential investors that your business is on the path to success. Going peer-to-peer lending may cut out the middleman, but not financial common sense on the part of investors.