I’m waiting for your better idea on how to facilitate lending and borrowing.
Im waiting for your better idea on how to facilitate lending and borrowing.Just because you don't know the answer doesn't mean a better way isn't possible.
For one would be the potential borrower advertises for need of capital. Potential (private) lenders respond and negotiate a interest rate...
Under usury laws that would be illegal. Any guesses who/what business got that law enacted? Think real hard.
If you want to use a broker there would always be one...the fact you HAVE TO use a broker is another matter.