Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.
Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.
Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.
Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.
Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.
Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.
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The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.
Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.
In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.
Why Clients Choose Spodek Law Group
The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.
We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.
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The basic premise of P2P business lending is simple:
This model helps small businesses access loans that may be unavailable through traditional banks. It offers investors higher returns for funding these loans. And it greatly simplifies and streamlines the overall lending process.
P2P business lending offers several key benefits for small business owners looking for financing:
Because P2P platforms use automation and technology to review applications, small business owners can complete the process in just a few days rather than weeks or months with a bank loan. Once funded, borrowers gain immediate access to capital to grow their business.
P2P business loans typically range from $5,000 up to $500,000 or more, with many platforms specializing in loans under $100k. This makes them suitable for funding short-term needs or smaller expansions.
By opening up lending to individual investors, P2P platforms create more competition which can lead to better rates for borrowers. And terms are often more flexible than traditional bank loans.
Taking out and repaying a P2P loan helps demonstrate that your business is creditworthy. This builds your business credit profile which makes it easier to secure lending in the future.
While P2P business lending has many upsides, there are some risks to consider as well:
Because P2P lenders take on more high-risk borrowers, interest rates may be 10-30% APR or higher depending on the platform, loan amount, and your creditworthiness. Rates from traditional lenders could be lower.
Relying on individual investors to fund loans makes availability less reliable compared to traditional lending sources. Loan options could dry up during economic downturns.
Some P2P platforms charge fees for early repayment which could limit flexibility in paying your loan off faster. Always review the fine print first.
If you receive investments from more than 200 individual investors, servicing the loan may fall under SEC regulations which adds accounting overhead.
If you think a P2P loan is right for your business, here are some tips to secure financing:
Having a credit score over 600 and minimal negative marks on your report typically meets requirements for P2P platforms. Fix any errors on your reports first.
Determine exactly how much capital you need and how you’ll use it to grow your business. Provide detailed projections to show investors how they will get paid back.
Increase your chances of funding by submitting applications to several leading P2P platforms like LendingClub, Funding Circle, and OnDeck.
Putting up assets or equipment as collateral can improve loan terms and rates substantially since it reduces investor risk. Even if not required, offering collateral shows commitment.
While the P2P lending industry has consolidated recently, these platforms remain top options for small business owners:
In the end, weigh all your financing options carefully before committing to a P2P loan. But this innovative lending model can provide fast, flexible funding to take your small business to the next level when utilized strategically. Reach out for help assessing the pros and cons for your specific situation.
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