A new age in business financing has arrived. Just like Ebay transformed online retail, The Billion Dollar Business Network on Prosper.com is revolutionizing the way new and established businesses obtain capital.
(PRWEB) August 29, 2006 -- A new age in business financing has arrived. Just like Ebay transformed online retail, The Billion Dollar Business Network (http://www.prosper.com/public/groups/group_home.aspx?group_short_name=billiondollarnetwork) on Prosper.com is revolutionizing the way new and established businesses obtain capital.
As Prosper.com is becoming the Ebay of business financing, The Billion Dollar Business Network (BDBN) has established a strong community of professionals, entrepreneurs, and investors to help build businesses beyond the start up phase.
“Prosper is a marketplace for credit that enables people to lend money to other people in a safe, efficient manner. Prosper leverages the powerful concept of group responsibility and applies it to person-to-person lending—resulting in better interest rates for people that borrow and lend,” according to the Prosper website.
“Prosper enables people to create groups, which borrowers join to request loans up to $25,000 by posting listings indicating the maximum interest rate they wish to pay. Lenders search for and select these listings based on the borrower's credit, debt profile, and group affiliation. Lenders bid on listings by indicating a minimum rate they are willing to accept. When a loan is matched between borrower and lender, Prosper handles all of the tasks needed for payment and collection of the loan.”
The Billion Dollar Business Network has expanded on the Prosper business model by creating a group of business owners, professionals and investors who are committed to help each other build strong businesses through professional support and/or investment. Group members may or may not need access to financing but beyond links for vetting capital through Prosper, Billion Dollar Business Network members are encouraged to leverage the strength of the group in effort to gain valuable professional support.
The BDBN philosophy is to create true wealth from the ground up through solid planning, innovative thinking, and strong networking. BDBN members have the potential of growing their businesses to $1M in revenue within three to five years. Members have strong professional backgrounds, supported by proven real-world experience and education. In addition, members have functioning businesses that need capital and support to bring their businesses to the next level.
The Billion Dollar Business Network has created a unique vehicle for business owners and professionals to obtain much needed support and financing, through Prosper, during the early critical stages of business growth. Though a number of groups exist on Prosper, BDBN is specifically focused on building a platform for like-minded individuals to excel in business for years to come.
Visit the member page at http://www.prosper.com/public/groups/group_home.aspx?group_short_name=billiondollarnetwork
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