More entrepreneurs find funding online

06/1/2011 | Wall Street Journal, The

In April, entrepreneurs raised about $575,000 through peer-to-peer loans on Prosper.com, a 19% increase from March. Meanwhile, at rival LendingClub.com, small-business loans are expected to rise 80% for all of 2011, proving that entrepreneurs are increasingly relying on peer-to-peer networks while bank credit remains tight.

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Wall Street Journal, The

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