"All requests accepted. Get your money here! All loans approved! No collateral required."

As a small business owner or a start-up entrepreneur, how often do you see such statements? the odds are - almost never. Yet a new service promises just such loans.

Posper.com is an online community at which borrowers may place loan requests and lenders bid on loans. A minimum credit score of 520 is required to be eligible to place a loan. A npminal service fee applies to both borrower and lender.

Prosper.com manages the loan, conducts background and credit checks and provides for automatic deposit into the lenders bank account for loan repayments.

Prosper seems to be a great way for both borrower and lender to benefit from the cyber-space connections available on the internet. Lenders can earn a good rate of return while helping others and borrowers are eligible to request loans they would otherwise be ineligible to apply for.

This innovative method of finance could be the trend of future small business financing. Called person to person lending or microloans Prosper.com is the first organization in the US to feature this innovative technique.

If you are looking for a loan or have money to lend, Prosper.com may be the source you need.

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Perry Jones is an entrepreneur and author of the soon to be published book "The Millionaire Method".

You may review Prosper at:

https://www.prosper.com/public/groups/group_home.aspx?group_short_name=positiveimpact