Not everyone starting a business get’s VC money. Infact, very few do. For the rest of us, borrowing money from the bank or friends and family is how we start our businesses.

A new company on the block helps borrowers and lenders formalize that relationship:LoanBack

In some ways, it’s very similar to Circle Lending which is going after the same market. I suggest checking both of them out if you are looking to borrow any money from friends and family. At the end of the day, these borrower/lender relationships are always much better if they are well documented at the start.

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