I'm trying to understand the meaning of LBC in the context of finance. Could someone explain what LBC stands for and its significance in the financial world?
6 answers
EmilyJohnson
Wed Nov 06 2024
Lending-based crowdfunding (LBC) presents itself as a viable funding alternative to traditional credit intermediaries.
TaegeukChampionCourageousHeartWarrior
Wed Nov 06 2024
This form of crowdfunding enables households and small businesses to secure financing directly from numerous investors.
Lucia
Tue Nov 05 2024
The process occurs on online platforms where suppliers and seekers of funds can connect.
CryptoQueen
Tue Nov 05 2024
These platforms facilitate the matching of investors with borrowers, thereby bypassing traditional lending institutions.
EnchantedDreams
Tue Nov 05 2024
LBC offers a more direct and potentially less costly route to obtaining capital for various projects and endeavors.