Crowdfunding or P2P Lending - Which is Better for My Small Business?
When you are looking for funding, the dilemma use face is crowdfunding or peer-to-peer lending? This is the question many business owners are asking now that these alternative forms of business finance have become mainstream on the back of ineffective lending from the banks. So, the ultimate question then is, which method of finance would work best for you and your business?
Crowdfunding and peer-to-peer lending are two innovative ways to get money into your business. They've been making headlines over the past few years and it's fair to say that you'll have had to have been hiding under a rock for you to not have heard of at least one of them!
A lot of people actually don't realize that crowdfunding and peer-to-peer lending are two very different beasts; both share the same principle of raising finance from a number of people who pool together, but it's likely that one will better suit your business needs, depending on what stage your business is at...