The site has announced it’s partnered with Lending Club to help YouTubers build their channels.
Through the partnership, YouTube will be offering both personal and business loans with competitive interest rates, with the funds meant to help YouTubers build their channels. The limited time offer is available on a first come, first serve basis and is only open to creators who are 18 or older and who have received an official invitation.
According to YouTube, the finance offer comes with exclusive perks, which include a rebate for any origination fees, where the site will pay back the fee and rebate it through Lending Club. YouTube will also be offering 5% loan rebates to creators who are able to increase their average upload frequency or watch time within a 12-month period.
Those taking part in the offer must keep their YouTube account in good standing, as well as meet all applicable credit requirements. YouTubers can sign up for the service by clicking the “GET A QUOTE NOW” button on the Invest in your Channel page.
What do you think of YouTube’s latest move? Do you think it’s fair that the site is only allowing select creators to participate? Be sure to tweet us your thoughts.