Lending Club, who have been offering small business loans for more than 18 months, is now targeting small businesses in a different way through customers of Google AdWords, the extraordinarily popular advertising program. This is the second partnership announced since Lending Club and Google began working together.
According to the email below, which was originally posted on Search Engine Land, business owners can borrow up to $120,000 for one year with the funds being deposited into their AdWords account. The interest rate is fixed at 0% for the first six months and 9.9% thereafter. This apparently is a limited test between Google and Lending Club. [Read more…]