There has never been so many innovative ways to get a loan as there are today. The credit crunch has hit many consumers hard and many have been unable to attain bank loans because of it. However, in times of crisis, innovation tends to flourish.
Since the recession hit, concepts of collateral-free microcredit, online startup micro-financing and mico-lending have all become popular topics. People are innovating to help others out in their time of need and in the process, they are starting up very promising businesses.
The economic state of the world may seem uncertain, but savvy entrepreneurs who take advantage of this financial climate are sure to prosper (and maybe even change the lives of those who need help). These ways to get a loan are truly inspiring.
Lebanese Liposuction Loans
Ebay Ventures Into Microfinance
Co-Branded Loaner Cars
Federal Help Sites for Homeowners
From Collateral-Free Microcredit to Student Loan Micro-Lending
By: Shelby Lee Walsh - Published: Apr 6, 2011