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Peer-to-peer lending sites like Prosper and Lending Club: Are they the competition?

Ray Fisman posted this article in Slate Magazine: It’s Like eBay Meets I share it with you because it makes sense to know something about the alternatives to bank financing available to your customers. And the perils thereof.

Meanwhile, Pere Mageo, the SBA Credit Administrator at Pacific Capital Bank tells me the thawing of the SBA secondary market is starting to have an impact. Wonderful!

Maybe we can get back to business lending?

About the Author
Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis. She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans. Creator of the Tax Return Analysis Virtual Classroom at, she speaks at banking associations on risk management, lending and director finance topics.