Back in 2008 we blogged about the trending lending solutions of peer-to-peer groups such as Prosper.com and Finanz.com - (see blog here.) As an update, here is information on an additional resource.
The Lending Club, has been funding since 2007. In addition to financing a business purchase, borrowers can request funds to pay off credit card debt or pay off a home mortgage.
From the Lending Club's website, the process is simple:
"You can join in minutes. If you're borrowing, you can apply for a loan and get an instant rate quote. If you're investing, you can open an account instantly and get started building a portfolio that can earn more than other investments with comparable risk. Everything is done online, so the whole process is fast, confidential, private, and secure."
If you're looking for alternate funding sources, you may want to consider one of these peer-to-peer lending networks.