Quatris Fund I has funded an early-stage venture in lending to military personnel, through an online loan platform, located at P2PMilitaryLoans.com. Credit and lending information infrastructure is moved online to capture the considerable financial services shortfall left by the demise of the payday loan industry, after the US military instituted new rate regulations for its members with regards to loans and credit offers.
P2P Military Loans offers online loans to members of the US military in any state - even offering "deployment loans" to those who may find themselves in Iraq, Afghanistan, or any US military installation throughout the world. This is done at reasonable (non-predatory) loan rates, which are fully disclosed, up-front, and without any pre-payment penalties. All military loans are fixed rate. A key differentiator in this model is that members of the military may also lend money to other members, creating a full marketplace aspect to the business, where members may both borrow and lend money.
