Neither a Borrower Nor a Lender Be
It was Polonius in William Shakespeare’s Hamlet that provided his son Laertes with this advice, “neither a borrower nor a lender be”. Advice, that many of us more than likely have heard from our parents…and may have even given this advice to others.
Generally speaking, it is good advice, HOWEVER, the reality is borrowing and lending has been going on since the beginning of time and will continue far into the future.
Today the US consumer lending market is a trillion dollar industry. Whether you’re borrowing $100 dollars from your brother or $10,000 on your Visa credit card, the fact of the matter is you are borrowing with expectations to pay back with interest.
Kudols prepares for its Beta Launch
I’m happy to announce that Kudols is preparing for its beta launch. This is the first of many more blogs to follow. We plan to keep our Members and those following us up to date on our development and launch efforts through blogs, tweets and video.
To kick things off…over the past several months we have been working on building the team, fleshing out the beta product and developing the lending platform. We have also spent many hours working with attorneys defining our compliance requirements for our state by state roll-out. Thank you DLA Piper! one of the best law firms in the world. However, none of this would be possible without the efforts of a great start-up team and advisors.
For those of you that may be asking yourself, “What is Kudols?”
Kudols is an emergency loan investment platform providing an entirely new way for people to borrow and loan money in amounts of up to $1,000 in a social lending