. NY Entrepreneurs Turn to Internet to Raise Cash
NY businesses, like the fitness-studio owner Chris Daly, are increasingly turning to the Web to raise additional money to expand, according to the New York Daily News.
Daly used Prosper.com, an online network that matches borrowers and individual lenders in an auction marketplace like eBay, to secure $2,500 at 12.5% from someone he has yet to meet.
Other sites which the newspaper highlighted for this purpose include LendingClub.com and NY-based Kiva.org.
In addition, sites such as RaiseCapital.com, GoBigNetwork.com, and Go4Funding.com, provide a platform for entrepreneurs to seek
investments. Entrepreneurs post their business plans, pictures, videos
and financing goals, and hope an investor will respond.
> Kiva Brings Microfinancing to New York
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