12,000 Startups Are Being Created Every Day In China by Internet Loans

Internet loan companies like Prosper are very few in the United States, but in China these companies are too numerous to count.  These loan companies are less regulated in China, and so the growth of the Internet loan sector is incredible.  Basically, these less regulated Internet loan companies are responsible for at least 12,000 startups every day in China.  Sometimes, it takes as fewer than few minutes to find the funding for a loan.  Some loans can also go up to millions of dollars.  The risks for these loans are there even though the Internet loan companies are doing fine at the moment.  Nonetheless, as we all know the world is full of uncertainties, and so risks are risks.  Sometimes, scam could be created from scammers who target loan companies to bilk out money from everyday investors.  In short, these Internet loan companies rely on Chinese citizens’ greed to provide the funds for both new and old, big and small businesses.  Some struggling businesses, whether they’re big or small, got a second chance through these Internet loans, because traditional banks couldn’t handle the appetite for such risks.  Anyway, check out the video after the break to see the details on how Internet loan companies in China are growing.  Enjoy!

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