More Start-Ups Seek Peer-to-Peer Loans

Loans to small businesses on peer-to-peer lending website Prosper.com surged by 19% in April from the previous month, rising 85% in the past six months, the site reported Tuesday.

Of more than $5 million in total loans in April, some $575,000 was used by small businesses for start-up or working capital, the San Francisco-based site said. Overall, the average loan amount was $6,554, while the average small-business loan was $8,147.

Read full story

• Catalog Credit Cards
• Your First Credit Card
• Protect Your Credit Before Divorce