Peer-to-Peer

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Peer-to-Peer

A loan to a start-up or other new company from a source other than a financial institution. A lender often charges high interest in a P to P loan. This provides the borrower with financing needed to maintain operations until it becomes profitable. See also: Angel investor.
References in periodicals archive ?
Asked if he believed that the company is on a path to profitability, Michael Michie, company CFO and VP of Sales and Marketing responded, "In a word, yes.
This financing is an important event on our path to profitability," said Victor Viegas, CEO of Immersion.
Our improving results are demonstrating the path to profitability from our efforts and are an important milestone as we continue to build a strong and viable business.
We are encouraged that the changes in our business strategy in Q2 and Q3 are showing improved margins and we believe we are now on a path to profitability.