CircleLending.com - Social lending (individuals pool money to form a large loan).
Title
CircleLending - private and personal loans, family and friend loan creation, loan documentation and loan servicing for private mortgage, personal lending, business funding, and seller financing or owner financing
Description
"With seller financing, the seller can spread out the capital-gains tax over the number of years agreed upon in the contract. By spreading it out, the seller can avoid being placed in a higher tax bracket."
"A smart way to manage a loan between family or friends is with a professionally-administered loan from CircleLending. The company will send statements and track payments -- and provide healthy distance."
"A lot of people have turned to family and friends to raise the money to start a business, pay personal expenses or even buy a home. And the interest stays in the family — or between friends — rather than going to some cold, impersonal bank or finance company."
Languages
English
Address
- Two Canal Park
- Cambridge MA 02141 US
Additional Information
Service launched in 2001. Now partially owned by Virgin USA.
P2PLending OTC (Over The Counter)
"CircleLending was founded in 2002 and claims it has reached $150M in loan volume, while maintaining a default rate of less than 5% on private loans and less than 1% on private mortgages. CircleLending had raised $16M in VC funding from Venrock, Monitor Company, Intel Capital and the Omidyar Network" according to the AlarmClock
Related Domains
External Links
- Alexa: CircleLending.com
- An analysis of the service (source : P2P-Banking.com)
