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Peer-to-Peer Lending Fund Prime Meridian Income Fund Announces Positive Returns for 2013

February 5, 2014

San Francisco, CA (PRWEB) February 05, 2014 Prime Meridian Income Fund , a peer-to-peer lending fund , released its 2013 returns reporting a profit of 9.89% net of fees and expenses. Since its inception in May 2012 , Prime Meridian Income Fund , which is managed by Prime Meridian Capital Management , has returned 20 consecutive months of profit without a single monthly loss—0.00% drawdowns. Peer-to-peer lending (P2P lending) allows individuals, start-ups, and entrepreneurs to request loans for everything from financing home repairs to starting or expanding a business on peer-to-peer lending web sites such as Prosper.com and Lending Club . These web sites provide lending opportunities for those seeking a loan alternative to traditional banking and funding mechanisms such as venture capital and investors. They also provide investors an opportunity to generate potential returns equivalent to a bank or credit card lender while directly helping individual borrowers. Prime Meridian’s primary focus is the peer-to-peer lending space and it has developed a process and computerized algorithm that is designed to identify opportunities quickly, assess risk, and then capture attractive opportunities — attempting to spread risk and thereby increase the possibility of returns as demonstrated by its nearly 10% return in 2013. “Peer-to-peer lending funds are a way to invest in peer-to-peer lending without having to do the searching, research, and investing in each individual opportunity which can be time consuming and inefficient,” says Don Davis , manager of Prime Meridian Capital Management . “The Prime Meridian Income Fund offers a tested, convenient, and efficient vehicle for investors to take advantage of potential opportunities in the exciting and expanding P2P lending space.” Currently peer-to-peer lending makes up just over $3 billion of the $850 billion available market in consumer credit. The growth in peer-to-peer lending is expected to explode in the coming years. The recent adoption of the JOBS Act should also increase awareness and popularity of the peer-to-peer lending industry. To learn more about Prime Meridian Capital Management , Prime Meridian Income Fund , or for insight into the peer-to-peer lending market, visit http://www.pmifunds.com or contact Don Davis at 925-362-8510. This material is qualified in its entirety by the information included in the confidential offering documents and supplements (collectively, the “Memorandum”) of Prime Meridian Income Fund, LP (the “Fund”) described herein. Any offer or solicitation of an investment in the Fund may be made only by delivery of the Memorandum, which contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of an investment in the Fund. The Fund is only open to investors fitting the definition of an “accredited investor” as that term is defined under Rule 501 of Regulation D of The Securities Act of 1933. The past performance is not indicative of future results. An investment in the Fund, like all investments, contains risk including the risk of total loss. Read the full story at http://www.prweb.com/releases/2014/02/prweb11548897.htm


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Source: PR Web


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