
Alternative lending involves various types of loans available to consumers and business owners outside of a traditional bank loan. Alternative lending includes crowdfunding (rewards and equity-based), peer-to-peer lending (interest-based, asset-based, consumer, small business) and other non-bank financial firms.
I’ve shared below my comparison of a few major online alternative lenders, including Lending Club, Prosper, Earnest, LendUp, Sofi, Upstart, OnDeck, Kabbage, Borro and Wonga.