lending market

U.S. small businesses, representing 99.7 % of all U.S. employer firms, say they feel slighted by the Obama administration and efforts to shore up the economy, with large companies taking much of the government's attention and stimulus cash. The government decision last week against bailing out small business lender CIT Group raised fears of thousands of companies left without funding for day-to-day operations, and the lack of support showed big corporations can get bailout cash but small business’ interests are less pressing.

A new platform was recently introduced to enter the P2P lending market. ZimpleMoney, the Costa Mesa, CA-based startup, is offering the solution to third parties allowing them to build their lending services on its base. Additionally, organizations can select ZimpleMoney's processing capabilities to manage loans and financial transactions.