Brief review of top peer to peer lending companies.

Byline: Ahsan Nisar

Although P2P network is still only a small part of the global bankinglandscape, a number of convergent trends are powering its growth as an industry.

* The youth are increasingly eager to transact online round the clock.

* The 'Big Data' has removed banks' information advantage and the need for expensive infrastructure.

* Current low interest rates have raised alternate investment profile.

* P2P providers are able to provide better services as compared to conventional banks.

P2P seems to represent real competition in what has been a closed market for a very long time. For investors, P2P providers can offer better returns than conventional banks, but do carry more risk. The platform itself carries no risk, so capital requirements are much lower.

Below are some of the top companies engaged in providing small business loans to entrepreneurs and small business owners worldwide:

Kabbage

The diversity of companies operating within the small business industry has prompted the creation of several types of small business loans. Kabbage's small business loans support all aspects of small businesses from marketing expenses to new equipment purchases and more. At Kabbage, they provide small business funding that is designed to help small businesses grow on their terms as having access to small business financing can give the freedom to focus on other aspects of running business. Kabbage empowers small businesses through straightforward, flexible access to capital. They have extended more than $6.5 billion directly to small business owners and powered automated funding for other organizations all over the globe.

Ondeck Capital

OnDeck is the largest online small business lender in the US. Since 2007, they have issued over $8 billion in loans for many business needs including inventory purchase, equipment acquisition, hiring, and general corporate purposes. Serving more than 700 industries throughout the country, OnDeck has been trusted by over 80,000 small businesses by providing them with a term loan or line of credit to help them build a growing and thriving enterprise. Created to support and...