Quote Originally Posted by miked View Post
why earn 5-10% over a long period of time when you could earn way more and in a shorter period?

I never heard of somolend. Are they new? Did this originate from the mca space? Are people using this?

"Starting January 1, 2013, Individual Lenders can lend money to business owners who are your friends, family members, neighbors and social media connections all with a simple and secure systematic repayment schedule.

Do well by doing good and earn interest rates as high as 22% in the process. Upon completion of a loan transaction, SoMoLend charges a 1.8% portfolio management fee. "
Yeah and they apparently raised $1.5 million