Comments on: O Loanio, Loanio, Wherefore art thou Loanio?

By: Steve Rabago

Steve Rabago — Wed, 24 Dec 2008 17:55:27 +0000

I think Loanio will make it, they have an innovative offering. Pioneering is a tough business. I like them enough that I’d buy them. There are other p-2-p loan options. One new source is ZimpleMoney.com ZimpleMoney’s web product enables people or organizations to make and manage direct p-2-p loans. ZimpleMoney is focused on â€œnaturally” occurring networks like family, friends, churches, schools, organizations, non-profits, charities and foundations. ZimpleMoney sends bills, receives payments, post to loan ledgers, sends late notices, sends alerts as to the status of billing and collection process and provides tax records. We also provide a digital document management tool to upload files. You’ll have to negotiate the investment or loan off the ZimpleMoney network, but when there is an agreement ZimpleMoney manages and administers from then on. Take a look at our site at http://www.ZimpleMoney.com Zimpley, Steve Rabago, ZEO ZimpleMoney

By: Personal Loan Portfolio

Personal Loan Portfolio — Mon, 15 Dec 2008 04:40:51 +0000

I am still waiting for Lending Club to open up for lending in my state, but overall I am still happy with that service.

By: LindenMan

LindenMan — Wed, 10 Dec 2008 14:49:47 +0000

They did launch… and now closed… short lived, oh well… sticking with Lending Club

By: Janie

Janie — Sun, 30 Nov 2008 18:19:51 +0000

Another P2P site is 40billion.com, which launched in August, and it focuses on entrepreneurs and helping them to raise money for their small businesses through friends and family, rather than through traditional financial institutions. It is the first friends-and-family funding network for entrepreneurs.

Entrepreneurs connect with their social networks – friends, family, friends of family, colleagues, and others â€“ to raise capital by requesting loans and contributions, and entrepreneurs can share their fundraising pages on MySpace, Facebook, and LinkedIn too.

Editor Note: Deleted the links to 40billion.com because the comment seemed spammy. However, it is at least of probably interest to readers so I’ll let it slide through. You can type the website into your address bar if you are inclined.

By: Personal Loan Portfolio

Personal Loan Portfolio — Thu, 06 Nov 2008 03:39:06 +0000

Go for the loan request. The risk to you that the company is poorly managed or goes out of business is nearly zero because you will already have your money. The risk is to the lenders who need someone to service, collect on, and distribute money from the loan for the next three years. Let me know how your experience goes.

By: need a loan!

need a loan! — Sun, 02 Nov 2008 18:45:43 +0000

I registered with Loanio today. It appears they are up and running. Not many lenders on there. I am kind of scared to actually post a loan request. Any thoughts from anyone? I need to borrow money right away!!!!

By: Personal Loan Portfolio

Personal Loan Portfolio — Sun, 28 Sep 2008 01:51:58 +0000

I think that they should have been able to move code without causing the site to completely lock people out. Twenty Four hours later it is still behaving the same way. They should be able to manage the change better. For example, I have a web hosting account that was hacked. Using a little change to the .htaccess file I was able to redirect everyone (except my IP address) to a single page until the issue was resolved.

I saw those screen shots and it looks nice. However, I can’t get excited about it. A launch should generate some excitement, but this one took so long it has generated apathy and lack of trust.

By: Tom

Tom — Sat, 27 Sep 2008 18:48:49 +0000

I think they moved their site to the production servers - that's why you get the login screen. I'm guessing they really are just days away from launch now. They gave me a look inside the site a couple weeks ago. I posted a few screenshots here.

By: Eric

Eric — Sat, 27 Sep 2008 14:34:29 +0000

I am with you on Loanio. I want them to succeed, but it is hard to pull for someone who can’t get their act together. Launch already!