Kelly XuGarfield Maitland Jr.Joseph ChuangMahfuza ShovikKatie BorgWill Gao

Fintech Hackathon

PROJECT Loan

Project L

PROBLEM

4/5 small businesses who ask for microloans are rejected.

Project L

MISSION STATEMENT

Project L strives to provide low-interest microloans to encourage local small business development.

Project L

DEFINITIONS

Microloan: a loan under $50,000Crowd-funding: raising revenue from a large number of people

Project L

BORROWERS

start project

wait for funds

complete project

repay funds

Project L

LENDERS

create profile

deposit funds

choose project

earn money

Project L

COMPETITION• all or nothing

• all or nothing

• use what you raise

• artistic projects

• entrepreneurial projects

• local businesses

• Stripe

• PayPal

• all types of payments

Project L

REVENUE

10% flat interest rate

50% revenue 50% revenue

Project L

DELINQUENCIES

Late Payments

NewPlan

Interest Increase

Cannot Repay Suspended

Project L

DELINQUENCIES

JO’S PIZZERIA

$5,000

Project L

Thank You.

Project L

APPENDICES

Borrower QualificationsCompetition Analysis

Project L

Borrower Qualifications- Over 18 years old- Business in operation for over 1 year- In good standing

- No multi-level marketing- No illegal activities- Not purely for financial purposes

- Cannot currently be in foreclosure, bankruptcy, under any liens, or in jail

Project L

Competition AnalysisKickstart

erKiva Project L

-all or nothing-artistic projects-Stripe-8-10% interest-no middle man-donations only

-all or nothing-entrepreneurial-PayPal-23% interest-middle man-crowd funding

-partial funds-small business-all payments-10% interest-no middle man-crowd funding