Lending Club Blog

Love of Motorcycles + Lending Club = TokyoMoto

Nansee Kim-Parker has loved motorcycles for as long as she can remember. When she and her motorcycle-mechanic husband started thinking about opening their own motorcycle repair shop in San Francisco, they determined that they’d need about $50,000 in capital to get their business off of the ground. Nansee dipped into her savings and borrowed money from friends and family, but still needed $20,000 to start her dream business.

She circulated her business plan to banks and potential investors, but she found that “in these times, banks aren’t lending, and it’s really hard to get funding especially if you are going to be a start-up.” Fortunately, Nansee found Lending Club and less than two weeks later she had a fully funded $20,000 3-year loan at 9.85%, providing her with the money she needed to launch TokyoMoto, which specializes in independent motorcycle repair for Japanese motorcycles and scooters.

Watch her story here:

Monday, July 18th, 2011 at 10:47 am

Comments (2)

  1. James:

    Fantastic, I wonder if there are any of these so well-established
    in the UK? The banks certainly aren’t lending at this time, and
    it’s holding back new business and expansion of existing businesses
    something fierce.

    January 25th, 2012 at 2:36 pm

  2. This is the kind of thing that I think will really shoot peer to
    peer lending up in popularity over the years. People that are tired
    of having banks and credit card companies in charge of everyone’s
    finances! The power to take this sort of thing into your own hands
    is very uplifting.

    January 26th, 2012 at 1:33 am


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

More Data Coming for Investors

We’re always seeking feedback and looking to make the… Read More »
November 10, 2015

Lending Club Surpasses $13 Billion

Check out our updated infographic to see what a… Read More »
October 29, 2015

Lending Club Launches Multi-Draw Line of Credit for Small Businesses

We’re excited to announce the… Read More »
October 16, 2015

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Read More »
October 6, 2015

Congratulations, Carrie! Named 2015 Financial Woman of the Year by The Financial Women of San Francisco

Read More »
October 5, 2015

Congratulations to Carrie Dolan – Named one of American Banker’s 2015 Most Powerful Women in Finance

Read More »
September 22, 2015

Welcome Nebraska, Kansas, and Indiana Investors!

We recently welcomed residents of Nebraska, Kansas, and Indiana… Read More »
September 21, 2015

Lending Club Job Spotlight: Technology & Member Support

Our Technology team develops and… Read More »
September 14, 2015

What $11 Billion Can Do

In celebration of surpassing $11 billion in loans and… Read More »
September 3, 2015

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w