Where Can I Find New Direct Lending Platforms?

Direct lending platforms are a type of alternative lending that allows borrowers to access capital directly from lenders without going through a traditional bank or other intermediary. This can be a more convenient and efficient way to get funding, and it can also provide borrowers with more competitive rates and terms.

If you are looking for a direct lending platform, there are a few things you should keep in mind. First, you should make sure that the platform is reputable and has a good track record. You should also compare the rates and terms offered by different platforms to find the one that is right for you.

If you are not sure where to find a direct lending platform, there are a few resources that can help you. The Online Lenders Alliance (OLA) is a trade association that represents direct lending platforms. The OLA website provides a directory of member platforms, as well as information on the direct lending industry.

Another resource is the crowdfunding website Funding Circle. Funding Circle allows borrowers to raise capital from a pool of investors. Funding Circle is not a direct lending platform, but it can be a good option for borrowers who are looking for an alternative to traditional bank lending.

Here are some of the new direct lending platforms that have been launched in recent years:

Avant

Lending Club

Prosper

Upstart

Earnest

These platforms offer a variety of loan products, including personal loans, business loans, and student loans. They also offer a range of rates and terms, so you can find the right loan for your needs.

If you are considering using a direct lending platform, be sure to do your research and compare the different options available. By taking the time to find the right platform, you can get the funding you need at a competitive rate.