Brother, can you Spare a Square?

The process of asking for a loan from a bank sucks. Simple as that. Short of a cavity search, they want to know everything about you and then they will hit you with an interest rate higher than your cholesterol level. Add to that the economic slump of the last two years and getting a loan was harder than spotting a yeti. These circumstances might help explain the burgeoning practice of peer-to-peer lending and at the forefront is Lending Club, which has funded $93,634,075 in loans and $6,487,621 in paid interest to investors since its inception in 2007. The premise is simple, Lending Club brings “together investors and creditworthy borrowers eliminating the high-cost and complexity of traditional banks. This allows people to invest in and borrow from each other in a way that is finan