New project!

I am involved in a project. A start-up project really. In the lending business.

The thing about this lending business is that it has a very unique niche. A niche no one wants to touch. Not that it is a bad niche, it just doesn't seem to make logical sense for big lending institutions to be in this niche.

I would say the bigger institutions avoid this lending niche because they can't handle the risk taking. They haven't solved the problem to handling the game in this niche. But I have and I will take a shot at it.

The best part of it? I have over 1000 reserved bookings from customers wanting to borrow money. No suprise is it? Who doesn't want to borrow money these days? Everyone does. But tell me this: How much can you make from 1000 potential borrowers if you charge them a handling fee (for just considering looking at their application) of $65 every time they send in an application to you? Is that something that gets you going? I hope so.

And don't tell me this is illegal. It isn't, every bank these days charge a handling fee just in order to consider you as a borrower. Though, the handling fee doesn't guarantee you are getting a loan. Your financial score card does. And your credit score.

The lending business is a great business to be in these days. Money is always sought after, especially today. Money are equally sought after just as sex is or food and water. If you always want customer demand then be in these three areas of commerce because they will never stop being important unless we become robots and don't need food, drink, sex or money to survive any more. Long fetched thought.