What Is LendingClub Business Model?
Lending Club has a multi-sided business model, with two interdependent customer segments that are both needed in order to operate: Borrowers: This group consists of individuals and small businesses. Individuals can apply for personal, education, and patient finance loans.
How does lending loop make money?
How Does It Work? Lending Loop isn't a lender themselves. Instead, they connect individuals who want to invest their money with small businesses looking for funding. Lending Loop makes money by charging a fee to their borrowers of 1.5% per year.
Lending Loop Review: Peer-to-Peer Loans in Canada - Greedyrates.ca
Lending Club is legit for both investors and borrowers. This Lending Club review, unlike some others, will review the service from both sides of the deal. Make sure to read about my experience below before you invest or borrow with Lending Club.
Lending Club Reviews for Investors and Borrowers - Is it Right for You?