Yesterday, American Banker dissected Weemba’s loan listings since the startup launched four weeks ago. Here is the breakdown of 150 loans requested so far:
- Health care: 55% of loans
- Small business financing: 12%
- Automobile, motorcycle or other vehicle: 12%
- Mortgages and home improvement projects: 10%
- Student loans: 6%
- Other: 5%
The average loan request = $37,000
To learn more about Weemba, watch its demo from FinovateFall 2011.