Thought this interesting:
https://www.paypal.com/webapps/workingcapital/Funny, but their logo is very similar to Prosper.
Interested to know what the equivalent interest rate their fees convert to. PayPal has the natural advantage of knowing the business revenue history, similar to local banks, compared to a LC.
I was on a conference call with Tom Green at Lending Club the other day and he said they dont verify the legitimacy of the bank statements.