/lit/ - Literature

>>20842486
Well now that happens to be something I've looked up.
So in the us to start a p2p lending business you have to go throw some intermediary it seems. It's kind of convoluted. The only place where P2P lending has really taken off is China. But that might be because the national bank is off limits as far as borowing. Now P2P lending is no magic bullet because the interest rate a lender will lend you will be higher than a bank. As for credit unions well I'd assume they have less capital so they'd be less willing to lend.