About WikiLoan Inc. 


A leading Peer-to-Peer lending platform in the United States 

100% proprietary technology built from the ground up 

A fully automated system built for security and efficiency 


WikiLoan is a website that provides tools for peer-to-peer borrowing and lending. People can use the tools on the website to borrow and lend money among themselves at rates that make sense to all parties. WikiLoan provides management tools that allow Borrowers and Lenders to manage the process by: providing loan documentation, promissory notes, repayment schedules, email reminders, online account access, and online repayment. 

Borrowers go through a simple process to create a loan listing between $500 and $25,000. They set the rate they are willing to pay for the loan, get their WikiScore, and invite friends in their network to view the listing. 

Lenders receive an invitation to view a listing and are provided with the borrower's WikiScore, debt-to-income ratio, and the loan repayment schedule. 

Once the loan is fulfilled, WikiLoan compiles the promissory note and provides it to all involved parties. WikiLoan handles on-going notifications and provides access to online payment systems to ensure a smooth repayment process. 

WikiLoan does not sell, rent or share members' personal information with third party marketers. 

 

Security Details  
 

Share Structure 
Market Value1 $14,678,777 a/o Jul 09, 2011 
Shares Outstanding 497,585,670 a/o Jun 01, 2011 
Float 187,269,280 a/o Jun 13, 2011 
Authorized Shares 760,000,000 a/o Jun 13, 2011 
Par Value 0.001 

Standard Registrar and Transfer Co., Inc. 
Transfer Agent 
12528 South 1840 E. 
Draper, UT, 84020 
801-571-8844 

FORM 10Q reported June 14, 2011 period ending April 30, 2011 
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7992610 

Shareholders of Record 1,550 a/o May 11, 2011 
Security Notes 
Capital Change=shs decreased by 1 for 20 split Pay date=02/26/2008. 
Capital Change=shs increased by 10 for 1 split, payable upon surrender.. Pay date=06/01/2011. 

Company Notes 
Formerly=Swap-A-Debt, Inc. until 6-2009 
Formerly=5Fifty5.com, Inc. until 2-2008 
Investor Relations 

The management team believes the market opportunity for WikiLoan is significant, relative to the ongoing financial crisis, bank consolidations and changing consumer behavior regarding online lending, borrowing and banking, as outlined below: 

The Credit Squeeze 
Globally, the recent credit squeeze has led banks to increase interest rates, tighten their lending practices and institute ever tougher borrowing requirements, making it increasingly difficult for would-be borrowers, particularly those with credit challenges seeking small loan sizes of $25,000 and under, to gain access to capital via traditional lending institutions. 

The Lending "Gap" 
Current market conditions have created an opportunity for private lenders to step-in and fill the small loan lending "gap" increasingly vacated or made more difficult to access by traditional lending institutions. In response, individual lenders and borrowers are connecting directly with one another online, without the use of a financial institution or "middle man", for the purpose of exchanging capital through peer-to-peer lending. 

Peer-to-Peer Lending 
Peer-to-peer lending is one of the fastest growing sectors of the financial services industry, a trend that is expected to continue for the foreseeable future 

Sector: 6153 - Short-term business credit 

 

Products & Services 

 
How Borrowing Works, in Detail 

1. Build your Loan Listing Asking a relative or a friend for a personal loan can be awkward. We help you through the process by building a personalized loan proposal you can use when asking for your loan. It only takes a few minutes to create a loan request using our Loan Calculator. +/- Loan Uses 

As a borrower, how you'll use your loan is up to you. When building your Loan Listing, selecting the Type of Loan lets your friends & family know the good their helping hand will do in your life. Tell them. 

Right now, people just like you are using their loan to: 

Consolidate Debt 
Education 
Events 
Home Improvement 
Small Business 
Automobile 
Medical 
Other 

2. Invite Friends and Family Our Wikinvite tool makes it easy to publish your loan on Facebook, MySpace and Twitter. Now your friends and relatives can participate in a formal loan without pressure. 

3. Agree to the terms We give you a simple legally binding document agreed upon by both you and the lender, which allows you to structure the loan in a way that works for you both. 

4. Repay the Loan, Automatically Once you receive your loan, you can choose to have your loan payment automatically withdrawn from your checking or savings account on the same date each month. You can adjust your preferences to best suit your needs. Opt to pay the minimum payment, or you can select a higher amount in order to chip away at your balance and pay your loan off early. 

 

How Lending Works, in Detail 

1. Sign up to open a lender account Fill out a short application, go through identity verification, and set your bank account preferences. It takes about 10 minutes, and you’re ready to lend. 

2. Browse Loan Listings Lenders have the option of searching for the friend or family member that asked for the loan, or searching through the borrower listings to find other interesting candidates. Be sure to use the filters to help narrow your search by amount, type and credit rating. 

How to Read Loan Listings 
The three most important items to look at when reading a loan listing are: 

a. The DTI, or the Debt-to-Income ratio. This is a figure that calculates how much of a person’s income is spent paying his or her debts. The higher one’s debt to income ratio is, the more of their monthly income that is solely devoted to paying back debts. 

b. The Credit Score. This is a measure of credit risk calculated from credit reports using a standardized formula. Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. 

c. The Interest Rate. This is the rate that is charged or paid for the use of money. Usually, a High Rate = High Risk. 

3. Agree to the terms We give you a simple legally binding document agreed upon by both you and the lender, which allows you to structure the loan in a way that works for you both. 

4. Collect Automatic Payments WikiLoan offers Automatic Payment to Borrowers, which gives Lenders peace-of-mind. If the Borrower does not sign up for auto-pay, WikiLoan sends email reminders when payments are due. The reminders have easy “click here to pay” payment options, so there are never any obstacles. 

 

Browse Loan Listings 
http://www.wikiloan.com/listings/ 

Frequently Asked Questions 
http://www.wikiloan.com/main/faqs#lend 

Tools & Tips 
Four Peer-to-Peer Loan Investor Tips 
http://www.bargaineering.com/articles/four-peer-to-peer-loan-investor-tips.html 
 
How to Make Money Micro Lending 
http://www.ehow.com/how_5957232_make-money-micro-lending.html 

Investing in Peer-to-Peer Loans? Think Like a Bank 
http://www.realmofprosperity.com/2010/02/investing-in-peer-to-peer-loans-think-like-a-bank/ 

Understanding Peer-to-Peer Lending Risks 
http://www.moolanomy.com/1190/understanding-peer-to-peer-lending-risks/ 
 
How to Cut Credit Card Costs 
http://www.inc.com/guides/2010/11/how-to-cut-credit-card-costs.html 

Debt Management Tips in a Post Recession World 
http://www.americanbankingnews.com/2010/11/09/debt-management-tips-in-a-post-recession-world/ 

The Next Best Alternative to Banks? 
http://www.mybanktracker.com/bank-news/2010/02/02/peer-to-peer-loans-the-next-best-alternative-to-banks/ 

Peer To Peer Lending Popularity Continues with 'The Simpsons' Appearance 
http://steadfastfinances.com/blog/2010/10/04/peer-to-peer-lending-popularity-continues-with-the-simpsons-appearance/ 

What is Peer to Peer Lending? 
http://borrowingadvice.com/what-is-peer-to-peer-lending/ 

Is Peer To Peer Lending A Good Funding Solution? 
http://wisepreneur.com/business-ideas/new-ventures-is-peer-to-peer-lending-a-good-funding-solution 

EXAMPLE of Loan Listing 

 

Average Rates 
This is a general guideline of interest rates for personal loans for the listed credit grades found on the Internet. Borrowers and lenders may use this for informational purposes, and negotiate rates among themselves. 

A+ = 800-850 5.5-7.0% 
A = 720-799 7.0-8.0% 
B+ = 690-719 8.0-9.5% 
B = 660-689 9.5-11% 
C+ = 640-659 11-12.5% 
C = 620-639 12-14% 
D = 600-619 14-15.5% 
F = 0-599 15.5%++ 

State Usury Laws 
http://www.wikiloan.com/main/usury 

UCC Filings 
http://www.wikiloan.com/main/ucc 

Peer-to-Peer Lending Glossary 
http://www.wikiloan.com/main/glossary 

 

Current News 

WKLI Thursday, June 30, 2011 
WKLI WIKILOAN INC. Financials 
EDGAR Online Financials (Thu, Jun 30) 

WKLI Tuesday, June 14, 2011 
WKLI WikiLoan Card Update 
PR Newswire (Tue, Jun 14) 
WKLI WIKILOAN INC. Files SEC form 10-Q, Quarterly Report 
EDGAR Online (Tue, Jun 14) 

 

Management  

 
Marco Garibaldi 
Founder, Chief Executive Officer 

As the founder and CEO of WikiLoan Inc., Mr. Garibaldi has extensive experience as an entrepreneur and manager overseeing the development and growth of innovative emerging companies. He is also a computer programmer by trade with over 30 years of extensive experience in a variety of sectors including computer programming, the Internet, entertainment and the business advisory industry. He began his career at Burroughs and Sperry, which, in 1986, became Unisys Corp. and later founded a think-tank corporation called InterComm, Inc. 

While at InterComm, Inc., Mr. Garibaldi was responsible for introducing a host of essential on-line applications widely used today and familiar to most Internet users. Specifically, his contributions are credited with the development of the online shopping cart, the online bookstore and the auction server, each of which represents a fundamental component of the current Internet commerce environment. Currently, while seeing the underserved need in the micro finance lending industry, Mr. Garibaldi has dedicated his extensive technical skills and creative ingenuity to establishing WikiLoan, an online peer-to-peer lending community designed to bring lenders and borrowers together to pursue new opportunities in this largely untapped market space of micro-lending. 

 
Edward C. DeFeudis 
Founder, President, CFO and Chairman of the Board 

Mr. DeFeudis is the Founder, President and Chairman of the Board of the Company since August 2005 and he is mainly responsible for start-up activities from business plan through execution. He is the Manager of Spider Investments, LLC, as well as the President of Lion Equity Holding Corp., which has provided investment banking consulting business services for small and emerging growth companies, since 1999. Mr. DeFeudis also served as Financial Advisor for several financial institutions including Merrill Lynch and Oppenheimer Securities from 1996 to 1999. Mr. DeFeudis graduated from University of New Hampshire in 1995 with a BA degree in Political Science. 


 

Contact Info 

WikiLoan Inc. 
1093 Broxton Avenue 
Suite 210 
Los Angeles, CA 90024 
Phone: 310-443-9246 
Website: http://www.wikiloan.com 

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