Mark began his career as a military officer and a federal prosecutor. After working on a pro bono micro-finance project in Africa, he joined a global financial securities law firm before founding StreetShares in 2013.
Mark: Right now, borrowers have two options. They can go to a big bank, where the interest rate is the lowest because the cost of capital is the lowest. The problem is that it is tough for banks to lend below $150,000 because of costs.
Lending Club is a good alternative for borrowers that don't qualify on StreetShares. Lending Club is the world's largest p2p network and offers small business loans up to $350,000, depending on your annual sales.