LendingClubStats.com

Borrower added on 08/21/10 > Consolidating all revolving debt to fixed debt and improve my great credit score to A1 status.

I am a recently married 35 year old doctor with twins on the way. Although I earn $450K per year, I am having an impossible time trying to finance a home improvement project. Six months back I applied at several places and was denied due to lack of credit history. Since then I have taken on several small loans to try and build my credit, but now I am being denied due to "pyramiding debt" and "too many new accounts." Obviously by applying that has also racked up many inquiries which looks bad. I currently own my home valued at 1.1 million and have approximately 45K in a checking account which I do not want to spend because it is our emergency fund. Here are my debt obligations: 1) Car loan: 860 per month (48 months left) 2) Car loan: 883 per month (60 months left) 3) Home loan: 6000 per month (360 months left) 4) Line of Credit: 338 per month 5) Student loan (through my father in law): 3700 per month (only 18 months left) As you can see there is plenty of room there for a 13K loan which which we want to use to put in a deck, fence and do landscaping work around our property. We would like to pay it off in only 12 months.

558407 added on 10/19/09 > i have no debt, but i am gonna use this money for a few miscellaneous items, such as, i.e., getting my knee scoped, fixing a car that i will sell, tv for downstairs, pay 2 credit cards with a total of $2300.00 for both and to have in the bank. my job is secure and i make good money in the oilfied, working offshore as an engineering specs hand. i am a very good borrower. i have excellent credit and pay the bills i have on time and i have very little, if no debt. my monthly bills total about $2000.00, so my living expenses are manageable. been at my position for 4 years and there will always be a need for the exploration of oil and acquiring this resource.

Borrower added on 01/06/10 > Brand new iPhone game in development, need capital and funding to complete production. Only weeks from market ready product!

Borrower added on 12/30/09 > *THIS IS A RELIST. I CANCELLED THE ORIGINAL LOAN REQUEST AND RAISED MY REQUESTED AMOUNT. I WAS AMAZED AT THE REPSONSES (THANK YOU) SO I AM GOING TO REQUEST WHAT I REALLY NEED TO HIT THE GROUND RUNNING ON THIS DEAL. I went into business with family. I was 50% co-owner of a truckstop. We built it in 2007. For the first year and a half, my partners stood back and let me run it. I made over $300K with it in 2008. In early 2009, they decided to participate and it went down hill fast. To make a long story short, it went under in Nov. 2009. The landlord, our fuel supplier (Amaroil.com), evicted our company for past due fuel invoice debt. The landlord wishes to re-lease the site to me (because I made us money when I was alone) and understandably wants me to obtain my own working capital to re-enter the business. I cannot qualify for any conventional lending because I have no collateral. Everything I have is tied up in my business. I have one past 30 day hit on my credit record my entire life. All three of my Fico's are over 700. I am married with a 2 year old, I like to hunt and fish in my off time. I have been married for 5 years, and my wife works side by side with me in the business. Your money will be paid back. Your money will go to good use (working capital). I pay and treat my employees very well, and alot of people are depending on me to get this thing back going. If interested, I can give you the google earth location to see the site for yourself. Thanks for any consideration. Craig Borrower added on 12/29/09 > I wanted to add: Anyone who is a small business operator now days guards their credit with their life. If you dont have a ton of cash or collateral, your credit is all you have. Right now, all I have is my credit, and it took me over 10 years to get it where it is. I will guard it with my life. Even 1 over 30 day late payment is unacceptable as a business owner. Your money will bring you a return. Borrower added on 12/31/09 > I just noticed I am last on this entire list of listing.. :) My three Ficos are over 750... I guess it is the multiple inquires. I have alot of inquiries that are business vendor related.. Before coke, pepsi, bud, etc will haul $5000+ into your store a week on credit, they check your credit. Some vendors check you 2 to 3 times a year..FYI. Borrower added on 01/03/10 > I noticed someone invested a rather substantial amount in our request. I want to humbly say thank you. In the event things dont work out for my business for whatever reason, I will not leave you high and dry. You will be paid back. Sincerely, thank you for your investment in us.

Will likely pay off loan well before term limit

Looking for a short term loan until my bonus in March. Loan would be used for consolidating credit card and other debt, and to provide short term liquidity. I work as an investment banker and my year end bonus is a significant (over 50%) portion of my income. I was laid off earlier this year so did not get a bonus in 2008 hence my predicament. However, I have a guaranteed bonus with my new employer payable in the first quarter of 2010, which would be used to repay this.

WE WAN'T TO OPEN A NEW BUSINESS, WITH PREVIOUS EXPERIENCE IN THIS FIELD.

557092 added on 10/14/09 > HELLO. I WAS ACTUALLY GIVEN THIS COMPANYS INFO. THROUGH THE S.C.O.R.E. OFFICE WHICH IS A BRANCH OF THE SMALL BUSINESS ASSOCIATION. THEY EXPLAINED THAT I DID QUALITY FOR THE 7A SMALL BUSINESS LOAN, HOWEVER, THAT THE PROCESS IS LENGTHY AND THAT MANY PEOPLE IN A SIMILAR SITUATION AS MYSELF HAVE BEEN SUCCESSFUL WITH THE LENDING CLUB. I HAVE BEEN A REAL ESTATE APPRAISER FOR 7 YEARS. WHEN TAYLOR BEAN AND WHITAKER COLLAPSED, I HAD ACCOUNTS PAYABLE OF OVER $20,000 THAT I NEVER RECEIVED FROM THE OFFICE THAT I WORKED AT. I DECIDED TO LEAVE AND OPEN MY OWN BUSINESS. I HAVE BEEN WORKING OUT OF MY HOUSE BUT NOW I AM SO BUSY THAT I AM GOING TO HAVE TO TURN DOWN WORK IF I DON'T MOVE INTO A LARGER BUILDING AND HIRE ANOTHER APPRAISER WHICH REQUIRES NEW COMPUTERS, A NEW SERVER, COMPUTER PROGRAMS, ETC. I HAVE A HIGH AMOUNT OF ACCOUNTS RECEIVABLE HOWEVER, MOST OF THE REO(FORECLOSURE) LENDERS PAY 30-60 DAYS AFTER THE APPRAISAL IS PERFORMED. I WOULD BE MORE THAN GRATEFUL IF YOU WOULD BE ABLE TO ASSIST ME. THANK YOU 557092 added on 10/14/09 > HELLO. I WAS ACTUALLY GIVEN THIS COMPANYS INFO. THROUGH THE S.C.O.R.E. OFFICE WHICH IS A BRANCH OF THE SMALL BUSINESS ASSOCIATION. THEY EXPLAINED THAT I DID QUALITY FOR THE 7A SMALL BUSINESS LOAN, HOWEVER, THAT THE PROCESS IS LENGTHY AND THAT MANY PEOPLE IN A SIMILAR SITUATION AS MYSELF HAVE BEEN SUCCESSFUL WITH THE LENDING CLUB. I HAVE BEEN A REAL ESTATE APPRAISER FOR 7 YEARS. WHEN TAYLOR BEAN AND WHITAKER COLLAPSED, I HAD ACCOUNTS PAYABLE OF OVER $20,000 THAT I NEVER RECEIVED FROM THE OFFICE THAT I WORKED AT. I DECIDED TO LEAVE AND OPEN MY OWN BUSINESS. I HAVE BEEN WORKING OUT OF MY HOUSE BUT NOW I AM SO BUSY THAT I AM GOING TO HAVE TO TURN DOWN WORK IF I DON'T MOVE INTO A LARGER BUILDING AND HIRE ANOTHER APPRAISER. THIS REQUIRES NEW COMPUTERS, A NEW SERVER, COMPUTER PROGRAMS, ETC. I HAVE A HIGH AMOUNT OF ACCOUNTS RECEIVABLE HOWEVER, MOST OF THE REO(FORECLOSURE) LENDERS PAY 30-60 DAYS AFTER THE APPRAISAL IS PERFORMED. I WOULD BE MORE THAN GRATEFUL IF YOU WOULD BE ABLE TO ASSIST ME. THANK YOU 557092 added on 10/14/09 > THE FUNDS WILL BE USED TO PURCHASE COMPUTERS, A SERVER, ADDITIONAL OFFICE FURNITURE (IF NEEDED), AND MISC. OFFICE EQUIPTMENT, COMPUTER PROGRAMS, ETC. I AM ABLE TO REPAY THE LOAN DUE TO THE FACT THAT MY ACCOUNTS RECEIVABLE WILL BE RECEIVED AT THE BEGINNING OF NOVEMBER AND EVERY MONTH THEREAFER. I WAS VERY SURPRISED TO SEE THAT MY BUSINESS TOOK OFF SO FAST. MY GOAL WAS TO MOVE INTO A LARGER BUILDING IN APPROX. (1) YEAR AND IT HAS ONLY BEEN A COUPLE OF MONTHS. MY ACCOUNTS RECEIVABLE FOR SEPTEMBER IS APPROX. $12,000. THIS AMOUNT DOUBLED IN A MONTHS TIME FROM THE PRIOR MONTH. AS I HAVE RECENTLY DISCOVERED, THIS BUSINESS CAN BE LUCRATIVE WHEN THE MARKET IS GOOD AND WHEN THE MARKET IS NOT SO GOOD, THEREFORE, I DO NOT SEE ANY REASON AS TO WHY THIS LOAN WILL NOT BE ABLE TO BE REPAID IN FULL. MY 1099 FOR LAST YEAR LISTED $160,000 AND THAT IS WITH PAYING 35% TO MY EMPLOYER. I NOW CAN COLLECT AND KEEP 100% OF THE APPRAISAL FEE.

Borrower added on 01/12/10 > My state of employment is in Kansas and that wasn't listed in the choices. Borrower added on 01/26/10 > was given misinformation about the expiration of the listing

Borrower added on 07/26/10 > Ready to attack debt and get it gone!!! Borrower added on 07/26/10 > Quintiles is pharmaceutical sales

Borrower added on 02/04/10 > willing to extend the loan over 60 months Borrower added on 02/05/10 > my job as a firefighter is extremely stable, been with the FD for 9 years, have at least 11 more years left. i take home a minimum 4k a month after taxes and thats without overtime plus i take home more money from my second job which is a retail business i own. Borrower added on 02/05/10 > every loan i have ever had i have paid off, i have had many loans from 5k-20k and i have always paid my loans off. Borrower added on 02/08/10 > 2008 gross income 98k 2009k gross income 120k Borrower added on 02/08/10 > 2008 gross income 97k 2009 gross income 120k 2010 projected gross income 130k Borrower added on 02/15/10 > sent my 2008 fORM 1040 and 2008 W2, 2 recent paychecks from 2010, copy of my firefighter work identification and contact info so they can verify my employment. Tomorrow i will send in my 2009 form 1040 and W2 Borrower added on 02/15/10 > i faxed the documention at 12 pm est.

Borrower added on 03/01/10 > The funds requested will be use as startup expenses. We have already purchased three buses that will be used in our business. The money will be mainly for shipping expenses.Below is the brief summary of the market. With the ongoing urban explosion in the Democratic Republic of Congo, an alternate industry has filled the void left by the state. Many private vehicles- cars, mini-buses, motorcycles, bicycles etc… have been converted into taxis. The city of Kinshasa has a population of 9,000,000 people and there is a need to move 4,000,000 people on a daily basis. In Kinshasa the average load factor on large buses at the morning peak reaches 200 percent, with passengers hanging out of the bus or even sitting on the roof. The urban transportation in the province of Kinshasa is mainly provided by two government owned corporations: City Train and STUC however, their fleet is limited. City Train has a total of 86 buses with a capacity to move 100,000 people. Due to its mismanagement, STUC active fleet has been reduced to 10 buses compared to 150 when it was first created in 2006. Both City Train and STUC are only able to move 120,000 people daily. According to a study by Ajay Kumar & Fanny Barrett, “Stuck in Traffic: Urban Transport in Africa”, the void in public transportation service is filled by private vehicles which account for 1200 minibuses. The average family is able to afford no more than one daily round trip on the bus, while for the poorest households even this basic level of mobility is unattainable. But even this low rate of use translates into peak demand for around 200 seats per thousand residents, about five times higher than the supply available in any of the cities sampled.( Stuck in Traffic: Urban Transport in Africa, Ajay Kumar & Fanny Barrett) To solve this problem, We have decided to enter this market by purchasing used school buses in the United States and used them for urban transportation in the city of Kinshasa (Democratic Republic of Congo) I will be the General Manager in this business.

Borrower added on 03/07/10 > Loan will be used to consolidate debt into 1 easy payment. Have never been late on any payments. Job is extremely secure.

Borrower added on 03/25/10 > The majority of this debt was medical payments when my dog, a labrador, developed a cancerous tumor. My job is very secure. I work for a wine and spirits distributorship and everyone continues to enjoy alcoholic beverages. We are probably the third larget in Arizona. I have never had a bankruptcy and I always pay my debts. I have also never been late on my mortgage of 6+ years, even in this economy.

Borrower added on 06/03/10 > i am purchasing a car Borrower added on 06/04/10 > about how long does this process take Borrower added on 06/04/10 > my job is pulling in alot of money and i am very reliable i am never late on a payment i pay my bills as soon as they are sent to me and i am very stable and i plan on using this money to buy a new car i need something smaller then what i have right now Borrower added on 06/07/10 > how come everytime i call yall it says yalls office is closed and i call during yalls business hours

Borrower added on 06/15/10 > I am newly married and my husband and I have acquired some debt. With this loan, and it's lower interest rate, we could be debt free in five years, instead of 18 years.

Borrower added on 06/19/10 > I want to consolidate all my cards to pay only one lenderso that i will be able to purchase my dream home Borrower added on 06/19/10 > I would like to be able to consolidate all my debt

Borrower added on 06/24/10 > This loan will be used to front closing costs to refinance my existing mortgage. Upon closing, the great majority of the loan balance will be paid off as I will be utilizing the returned escrow funds to do so (over $3000).

Borrower added on 07/10/10 > I am applying for this loan to consolidate credit cards and reduce the exorbitant interest rates that major credit companies have increased to in recent years. I/we accumulated credit card debt due to unpaid maternity leave, health issues and unexpected home repairs. The full amount of this loan will be used to pay off these high-interest credit cards. I will have a remaining $10,000 to pay. I chose the 60-month repayment loan option to free up additional flexible monthly income in order to pay down the remaining amount as quickly as possible. I am a professional, working mother. I have been with my current employer for approx 3.5 years. However, I became employed by my new company during a restructuring where my department split into a partner entity. I am performing the same duties and have been employed in the same industry for 13+ years. I am part of a two-income family. My husband has been with his current employer for 4 years and in his industry for 15+ years. My reported salary is based on my income alone. I am very dependable, with secure employment and have a reliable credit history. I/We have had only 3 late payments in the past 10+ years, on any loan. These late payments were related to unexpected serious health issues of my spouse. He is now healthy and all issues are resolved. However, we are still under stress from the increasing credit card interest rates and we are looking to free ourselves from that stress and have a foreseeable end to credit card debt. I was very pleased to find this website and loan option. The idea of paying interest to investors and distributing the wealth, rather than being “owned” by the lending giants is very appealing to me. I sincerely appreciate your consideration and investment. Borrower added on 07/23/10 > Thank you to all investors and those who considered my loan.

Borrower added on 08/06/10 > I applied for this loan in order to consolidate my debt into one low monthly payment. I started a new job about 4 months ago for better opportunities however my employment history has been very stable. The company that I currently work for is steadily growing and I feel secure in my position. I consider myself a responsible borrower who pays all of my debts and obligations and I do not have any liens or judgements against me or my property.

Borrower added on 07/24/10 > I am a responsible borrower. I have a long-term stable career in retail management with a financially stable retailer. I am promoting to a new position by 2011 and will have a $15,000.00 increase in pay. I do have a Chapter 7 bankruptcy that was discharged in January of 2001( almost 10 years ago). It is the public record on my file. It was due to a divorce. Since then I have had no late payments. I can afford my current monthly credit card payments, I am just ready to consolidate them all into one monthly payment. I promise, you will receive all of your returns on this loan. I am going to be closing majority of these credit cards and just keep one or two in case of emergencies. Borrower added on 07/28/10 > Debts being paid off: Spokane Federal Credit Union $8000; $200.00 per month; 21% Chase $3500; $165.00 per month; 23% Capital One $3000; $110.00 per month; 22% Capital One (2) $500.00; $30.00 per month; 22% Best Buy $800.00; 24% Kohl's $500.00; 23% GE Money Bank $1000.00; 25% I had a baby in January of 2009, he was born with achondroplasia dwarfism. I took eight months of work after he was born. This is where the credit card debt came from. I returned to work in August of 2009; my child is doing fine and I am ready to get these credit card bills behind us.

consolidation credit card,medical expenses and personal payday loans into one loan.

Need to make car improvements.

In need of a small business loan to purchase some more equipment for my seamstress business. My credit is very good and the loan will be paid off sooner then the loan term.

I have been a practising attorney in New York City since 1984, with a practice that focuses on mergers and acquisitions, corporate finance and corporate, commercial and regulatory representation in the communications and media sectors. After twenty-four years of practice in a large law firm environment, I decided to form my own law firm. My recent historical client billings have averaged between $2.4 million and $3.2 million per year. Given the economic downturn, I am making a very conservative annual legal practice business model assumption of $1.5 million - $2.0 million in revenues and no more than $300,000 of overhead. I typically work only on retainer, and thereby avoid realization and collection problems. The loan would be used for cash flow balancing. Thank you for your consideration and attention.

Hi, I'm Matthew. I am 21 years old and I recently graduated with a bachelors degree. I am currently interested in purchasing a condo for myself and having it for long term investment. I think it is crucial for me right now to start thinking about life down the line instead of waiting. I have my eyes on a really inexpensive unit that is $50k but I would need some money towards a 20% down payment and making some improvements. Thanks Matt

This is a degree program at Eastern Michigan University.

Loan needed for a short term of 12 months to cover expansion and growth of new business.

Our current business name is Premier Pets and has been in business for 4 years. I purchased the business in Feb 2009 because it was doing around $500k per year in gross sales and decent cashflow. I knew I could increase sales and the overall client base if only I had the right image and location. Thus, rebanding the name to Hollywood Premier Pets and expaning the current location from 1800 sq ft to 2500 sq ft. The new location will have a 1920's Hollywood art deco look and feel. However in the middle of construction and fixture development, our lender backed out of the loan/lease. Feel Free to check out our website www.hollywoodpremierpets.com or call me with any questions. Looking forward to your help.

Hi -- reinstating my loan request. Our accountants had not yet finished our personal taxes (we filed extensions) at the time of my last loan request, so despite the number of people interested we couldn't move forward. This is now completed, thankfully. So here's the story: My girlfriend and I run a small but growing fashion company. We want to keep growing, and are soliciting investors. At the same time, we'd like to put some more money into the business as well, and increase the equity. You can help us increase our equity by lending to me. Our business has been around for four years here in Brooklyn, and has been profitable for the past three years. We operate two store locations in Manhattan and Brooklyn, and sell on our website. We offer a wide range of products, from handbags and clothing to shoes and accessories. We look forward to 20-30% growth this year, and the money we receive will help us toward that goal. Thank you for your time.

Paying off creidt card debt.

Business Credit is the driving force for this loan! I plan to deposit $6,000 into a safe and secured certificate of deposit (CD) at an FDIC local bank, borrow against it, to build credit with the bank so that I can get an large loan, purchase collateral, equipment and use strategic marketing to take my future business to the next level. My ultimate goal is to build a long-term relationship with my local banks so that my stockholders can yield a safe return. I am a good candidate for this loan because I have a well-established credit record, numerous revolving credit lines, I am dependable and reliable, and self-motivated and a record of paying on time. Thank you for your time and consideration

We are a 2 fold company, we have a pantented product called the Co-Leash for dogs, we sell leashes colars, harneses, etc. And we sell glow in the dark paint products. We are looking for a loan to add more advertising, hire staff, to finish developing the business, and to buy more products for shelving. We are a growing business and we need help to continue expanding and providing services to our consumers in this community.

I have three unsecured debts that I want to consolidate to lower my monthly payment. I have never been late on any of these loans and can make the payments today. I just want to lower my monthly payment to give me more breathing room.

I am starting up an insurance agency in Manchester, Connecticut and need roughly 25k to shore up cashflow for the first year. We expect to pay the loan off early using the cashflow genereated in years 2 and 3. We do have a comprehensive business plan as well as 5 year projections and monthly projections for the first 3 years. 548595 added on 11/17/09 > I left my sales position to start the agency as of November 16th. My current debts include $220/mo. car loan, $300/mo. housing, and $227/mo. in student loans. I have good credit with no blemishes. As far as my job experience. I was an agent for a large Connecticut agency for 2.5 years. During that time I ranked number 2 out of 10 account executives for production. My plan for the agency is to bring in roughly $500k-$550k in new business premium. Commissions are roughly 15% of premium written. We project positive cash flow throughout the duration of the business, as well as a break even around the middle of year 2. If you have any additional questions, or would like a copy of the business plan and financial projections please let me know.

556376 added on 10/13/09 > This loan will be used to pay off all my credit card debt. I will be Debt free in three years. 556376 added on 10/13/09 > this loan will be used for debt consolidation 556376 added on 10/14/09 > I have worked at Poolcraft pool & spa for ten years and I am currently the Head Service Tech. This is a year round position with medical benefits, a company vehicle and a company gas card. I have about $14,500 in debt spread over 4 credit cards and one closed Chase account. My goal is to be debt free in 3 years. It is time to put my life on a diet!

572884 added on 12/03/09 > This loan is venture capital for my new start-up. 572884 added on 12/04/09 > My business partner and I are starting a web-based service that is set to launch in February. To this point, we have been able to self-fund the project. At launch, we have early commitments that will generate approximately $25,000 in revenue (revolving monthly revenue) with our only costs being web-hosting, marketing and the repayment of this loan. From there, the potential for growth is nearly limitless. Our only "competition" (we've been able to develop technology that improves upon an existing website) is generating from $8million to $10million per month. We are not looking for investors, because we are not looking to give up equity in the company long-term. And, because we have been able to self-fund this project to this point (almost the very end). This loan will be for our final payment to our development team, advertising expenses and to give us some working capital until the website launches and our initial revenue stream begins to come in. Due to the proprietary nature of the website (and our technology), I am unable to go into more detail about the business to anyone who is not under our Non-Disclosure Agreement.

Borrower added on 12/18/09 > My husband and I had a very successful insurance brokerage. He was diagnosed with cancer about two years ago, which forced us to close the business, and depleted our savings. However, he survived his chemotherapy and radiation treatments, has regained his strength and is ready to get back to what he does best. This money is to help us reopen our office and to give us initial operating and marketing capital. The best part about this is that my husband is a fantastic financial advisor and is looking forward to later in 2010 when we can not only finish paying off the loan, but become investors ourselves.

I own a business that employs several software programmers and developers. I am in need of a small loan to bridge me through the next 60 days. The loan proceeds will be used to pay my team's salaries. I am current on all salaries (and business expenses) and want to maintain the same level of commitment and consistency with my team as I always have. I have funds that will become available in June, 2009; therefore, this loan request is for the purpose of bridging me through to that time while preserving the well-being, efficiency and effectiveness of a team that I value greatly, am proud to be associated with, and that I look forward to working with on an ongoing basis. Please note that I am new to the US; therefore, my credit score is in the process of being established here. I am from Canada where my credit score is excellent. I am employed in the US, well paid, and always current (with amounts paid in full) on credit card payments.

I will try to keep this brief and to the point. Current situation: * Purchased small business in 2008. Been in same line for over 5 years. * Increased sales 408% in 8 months from previous owners. * Nominated for New business of the year. * Write-up in local newspaper. * Business is still growing because to referrals and local advertising. * At any given point in the month the A/R is on average between $27k - $39k. What is the money for: * Inventory: it is important to have items stock; because word spreads fast in a small community. * Cash flow: Purchasing in large quantities and the right time is the key to any successful business. * Need to hire more employees (1 FT & 1 PT) to keep up with demands. A customer will only wait so long to be serviced. * Need a couple of new computers for new employees. * Would like to open a new location within the next 6 months. This will allow us to have a larger variety of products spread between two locations. Then if need to just do a inner company transfer. Since we are growing I want to ensure that we have the right "tools" (inventory and personnel) to service the customers. If you are like me people pay for service. Hence Opportunity is knocking!!! Thanks for your support.

I am in the marketing business and I would need this loan to help me purchase merchandice and hire a new worker. This loan would help me out a lot to get back on my feet and take my business forward. Thank you ! Tigran Danielyan