Best complete video related to small business ideas, best passive income, and Profit Money Lending, How To Start A Money Lending Business.
How To Start A Money Lending Business
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How To Start A Money Lending Business
Whats good Wealthbuilderz
its yah boy DeVaughn
back again with another video
Today we are talking about
How To Start a Money Lending Business
so lets go!
So you want to start a money lending business
ok there is a simple way of going about this
and it allows you to start really small
You don’t even have to invest money in a llc
or anything like that
You can actually start with three different sites
Thats prosper, lending club and a newer way
and thats called Solofunds
The difference between prosper and lending club is not that big.
There loans are A. harder to get and B. have higher limit.
Solofunds has the biggest difference between the three
Its much more of a financially freindly platform in my opinion
The reason is the loan amounts on Solofunds are much lower then
prosper and lending club.
You can easily become a lender and help a peer in financial distress
while still making a return on your money.
Solofunds has a thing called solo score that determines a
borrower’s worthieness of credit.
If a borrower doesn’t payback a loan you can forward
their information to collections but they can actually
extend the loan for another two weeks for $5 or %5
which ever one is greater
You can’t be a provider of the loan
and a borrower in the solofund platform
I personally think apps like solofund are really good
but the thing is make sure
if you do take a loan don’t request for more
then you can pay back.
All in all the Solofunds app is a pretty good idea
and can work if you have an financial situation
if you want to find out more about Solofunds
check out the link below
If your looking to start you money lending business this
can be a great way to get started without
putting out too much risk to get started.
To be honest having a Loan Business
is one of the most passive income business models
there is in my opinion
After watching this video and you think that
having a loan business is not for you then
check out how you can start a online marketing business
for $7 and build a automated business online
check out the wealthbuilderzsystem.com
Thanks for watching my video
It’s yah boy DeVaughn signing off
for How To Start A Money Lending Business
Do remember Wealthbuilderz
Profit Money Lending, How To Start A Money Lending Business.
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