INDIA PEER TO PEER LOAN FOR STARTUP INDIA P2P LENDING FOR STARTUP
In India, P2P lending for startup is by definition a financing agreement between individuals whereby the loan comes from Indian individuals and is dedicated to another individual who intends to create a startup without going through a bank.
In India, P2p lending provides with a loan which is a particular source of funding that is primarily intended for a business that starts from virtually nothing but an idea or an invention that is promising at least in the business plan.
In India, a P2P loan for startup is often needed because, the main obstacles to financing a startup through an Indian bank is that the new venture is just born and that it faces the following challenges such as a lack of balance sheet, absence of banking history or a relationship of trust with a bank and low capital or financial contribution.
In India, P2P lending for a startup is easier to achieve in front of Indian investors if following requirements are fulfilled: having a clear vision along with a solid business plan, a strict and conservative budget preparing for unforeseen costs and finally, discipline tenacity and determination.