Credit Market Turmoil and Peer-to-Peer Lending
Over the past couple of weeks, I’ve spoken to a lot of reporters about what the troubles in the credit markets might be doing to small businesses in the United States. While it’s easy to
answer their questions based on anecdotal information, it’s tougher to do it on the basis of statistics. By the time most government statistics will be available to answer their questions, the reporters will be interested in something else.
To try to get some statistical data to answer their questions, I decided to take a look at peer-to-peer lending. Peer-to-peer lending gets at part of the effect of the credit markets on small businesses because some entrepreneurs borrow money from other individuals to finance their businesses. Read more:
Technorati Tags: Eric’s Credit Community, Prosper.com, Scott Shane, Case Western Reserve University, NCET, Nevada’s Center for Entrepreneurship and Technology
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