Business At A Glance
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Online Operation? Yes
Business startup loans, home improvementloans, and automotive loans are all types of financing services thatcan be featured on an online loans website. Banks, venture capitalistsand other lending institutions would pay a yearly fee to be listed andfeatured on the site as well as be given space within the site topromote and give details about their lending prerequisites and otherinformation.
People seeking financing for a product or project wouldlog onto the site, select the type of loan and lending institution theyare seeking, and complete and submit an application for financing rightonline. The application would be confidential and secure and beelectronically forwarded to the lending institution(s) of their choice.
Once again, specialization is the buzzword, thus you may want toconsider specializing in one particular type of financing, like homeimprovement loans. If this route were chosen, it could open doors interms of how you market the website. In the case of home improvementloans, home improvement contractors could link their website to yoursand their customers seeking financing for a renovation project would beable to complete a financing application right from the contractor’swebsite. The contractor would pay you a fee for having the service soreadily available.