Loanio - Company Information on Loanio

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Headline: Peer Lending for Everyone.

Website: http://www.loanio.com/

Loanio is an auction based, peer lending platform where individuals can borrow or lend money to each other. By cutting out 'traditional lenders,' and adding an auction based element, borrowers can get lower rates and lenders can get higher returns than other banking options.

Although, we use the term "lenders" on the website, all loans are originated by Loanio and then sold to website lenders...More»

Address: 25 Smith Street Suite 301 nanuet, NY 10954 Map it »

Email: info@loanio.com

Founded: 10/2008

Industry: Consumer Internet

Sub-Industry: Other Consumer Internet

Legal Structure: Corporation

Ownership: Private

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Management

Michael Solomon, CEO [x]

Board of Directors

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Name:	Peer to Peer Lending
Product URL:	http://www.loanio.com/
Date Launched:	10/2008
Description:	To borrow money, first you must register as a member and then become a registered borrower by successfully completing our identity verification and fraud solutions and credit scoring systems. You may then create a loan request and have it posted on the website. Once your loan request is posted, lenders can review your profile and bid on your loan. If your loan receives 100% of the funds bid--at the time of listing expiration--it will automatically be originated after internal review. If your loan receives less than 100% of the requested amount, but greater than 35%--at the time of listing expiration--you may accept the lesser amount or cancel your request and try again.
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