Online loans, they’ve become the new fad in lending. Loans have always been popular for many reasons, whether it was for personal, business, auto or mortgage use, loans have always been a way for people who need it to get funding fast. In the past, it was at banks that people generally sought the funding they needed, but in today’s computer and smart phone age, online loans have become the method of funding of the future.If you have average, fair or poor credit, online loans can still be a great option. While it’s true that a more traditional lender, like a bank or a private financial institution operating online may not approve your loan, there is still another great option out there when you’re searching for funding, peer to peer lending.Peer To Peer Lending As online loans became more and more popular about six or seven years ago, someone came up with a brilliant idea, why not let people invest in others? Why not let people invest in people? This is how peer to peer lending was born. Peer to peer lending sites are websites which offer people the chance to invest in people.If someone needing a loan goes to a peer to peer lending site and lists that loan, once they decide the amount they want, they can list the loan and give a few details about the reason they would like the loan they’re asking for. Whether it’s for business, personal or other use, once they’ve decided on the reason, they can add any details they like, and list their loan for free. Once investors see the loan, they have the option to invest in it or not. The loan is listed anonymously, so the “investors” never really know the name of the person who is getting the loan.Let’s say a person needs a loan for $10,000, if they list it on a peer to peer lending site, some people might invest $25, the minimum for most peer to peer lending sites, and some might invest $1,000. This gives people the option to invest a little or a lot in others and their loans, a great option for having multiple people invest in one particular persons loan.Credit ScoresCredit scores are rated on a scale from AA to F. This works out great because although people with an AA credit score may seem more likely to get a loan, it’s not always the case. See, this is where the amazing idea of peer to peer lending works wonders. Those with a supposedly better credit score are going to have a lower interest, and investors are going to earn less money off of the interest when this particular borrower pays off their loan.For people with credit scores that are in the C, D & F as well as E ranges, the person is going to have a slightly higher interest rate on their online loan. This is an advntage for the investors once that person goes to pay off their loan, as the investors have the potential to earn slightly more money off of a loan with a higher interest rate because the credit score is slightly lower.How does this work out? It gives people with all types of credit scores the opportunity to get great loans anonymously. We’ve compiled a list of benefits to peer to peer lending sites for borrowers, benefits that help offer people a chance to get a great loan online with a lot of time to pay it back.Benefits To Peer To Peer Lending Sites1.) Anonymous BorrowingWhen listing your loan and borrowing money, there are many things you can include. The amount of your loan, the reason for your loan, any details you would like to add such as comments and any reasons why you would be a good borrower. When you actually list your loan, you remain anonymous to borrowers. People don’t know your name, they don’t know anything about you, you’re anonymous to the lenders.2.) The Interest RatesOne of the most important things to talk about is the interest rates. The interest rates from peer to peer lending sites can really be great because their competing with other traditional loan sites, as well as other peer lending sites to get the best interest rates possible from their borrowers. How does this help you? Well of course lower interest rates from the website.3.) A Great Alternative To Many Other OptionsPeer to peer lending sites offer a great alternative to payday loan or installment websites for online loans. Generally these websites tend to charge insanely high interest rates, and with payday loan & installment loan websites you usually have to pay your loan back within a couple months, not the case with peer to peer lending websites as we’ll outline in our next point.4.) Long Time To Payback The LoanOne of the best aspects to peer to peer lending websites is that you have a long time to pay back the loan, generally two to five years. By making monthly payments over a long time, your monthly payments will be much lower than they would be otherwise, say if the payback time was only a couple of months or a year. By having a much longer time to payback the loan, you have a lot more options and of course, very importantly lower payments when paying back the loan.5.) Speed Of Getting A LoanWith many banks as well as other loan sites, it can be a long time until you have your account funded with the loan. This can really put people in a jam because when people need the funds fast, waiting a long time isn’t really the best option. With peer to peer lending sites, online loans are generally funded very fast once they are funded and approved. This is a great aspect to peer to peer lending sites, having the money in your account fast and not having to wait a long time really helps people use the loan for what they want or need.

Are you a woman entrepreneur who’s frustrated in your 6-7 figure business?Are you feeling overwhelmed, over-stressed, and not sure where to turn?Are you so busy doing everything in your business that you never have time to focus on those high level tasks that will truly bring direct growth to your business?Your business may be ready to hire an Online Business Manager (OBM).When your business has grown to multiple 6-7-figures, it will require that you begin to step into a CEO and Visionary role to lead your business to higher levels of growth. The business now has a life of its own and if you stay in the doing role too long, you will lose control of your vision.If you’re like most women business owners, you started your business for some or all of the following reasons:

You wanted control over your time and the money you make

You wanted your work to have an impact in the world

Sick of the 9-5 grind

Have a business you can schedule around your family and personal goals

Commit to something bigger than yourself

Create financial and time freedom

If you have a multiple 6-7-figure business, it may be time to step out of the tasks of day-to-day operations and management. You’re the only one who can lead your company to the next levels. You alone know how to move your business forward. Time and focus are now in high demand for you to lead your company to the next level.The result of not stepping up will be that the business will begin to stagnate – you’ll hit the ceiling in ability to grow any further. You’ll need to stop trying to do and manage everything on your own because it’s simply not sustainable. You need help in business. At this phase in your business, you have a team that executes tasks.Now the role you’ll want to hire will be an Online Business Manager, an Integrator, who can take your dreams and goals and make them a reality. You need someone who can effectively step in and manage your team, manage your day-to-day operations and marketing management, manage projects, and analyze and report metrics to determine what’s working – and what’s not.If you can’t get out from behind the manager’s desk, frustration will overwhelm you… if it hasn’t already. You’ll struggle with “hitting the ceiling” and “feeling stuck” – if you aren’t already. Your life and relationships will suffer because you’re working a crazy number of hours every day just to keep things going. You cannot keep up this pace, and eventually something will give. You’ll burn out. I’ve seen it countless times.While reading all this article, you may be wondering if it’s time for you to hire an Online Business Manager.Here are three ways to know you’re ready.Financial ReadinessHiring an Online Business Manager is a long-term investment. An OBM does not replace a team of people who are responsible for executing tasks – you can hire any number of virtual assistants for task completion. An Online Business Manager runs your business while you step into the CEO and leadership role.Psychological ReadinessYou’re ready to turn loose a certain amount of control in your business to someone you trust. You know you need help in business, and you don’t want to be the only one in charge anymore. You understand it may be uncomfortable to turn over some control to someone else, but you’re willing to do it because deep down, you know it’s time. And you’re ready to let go of what you don’t truly enjoy to return to using your unique gifts to grow the business.Lifestyle ReadinessYou’re ready to have balance and get your life back. You’re ready to feel a renewed sense of passion for what you do, and you’re looking forward to having the time to create and strategize. As you let loose of the manager’s role, you’ll feel refreshed and energetic, and you’ll step into focusing ONLY on what you can do to grow the business.If you can’t get out from behind the “manager’s desk” in your business it may be time to hire an Online Business Manager. Life’s too short to be frustrated and over-stressed in your business.