We do not have a loan department or direct connections to any
banks but our CPA webmaster recommends that you consider an
online lending resource as an alternative to bank financing.
Lending club is a peer to peer lending resource and was recently featured in
Forbes Magazine as a viable loan / investment vehicle.
Click on one of the links and check them out.
The average person can also invest in these loans and you might
be surprised at the returns that are available.
Ron has been investing in these loans to get a higher interest
rate on money. He has taken some money out of Bank
CD's and is getting returns over 11%.
You can open an account for as little
Ron now has invested in 363 loans with over $8,000
invested. 39 of the loans paid off early.
Since January of 2010 the account has paid over $745 in interest and
continues to generate about $50 in interest and $300 in
principal repayments every month . 3
of the loans he invested in were for people that were buying tractors.
This is also a
perfect way to loan money to family because it creates
accountability for the borrower and also creates a schedule for
Email him at
ron@chatstractors if you have questions.
© 2001 Drummond Tax