[JerseyHighlander]

Right then, I reread your post, you are dead on. I'll keep my caveat, that the borrower doesn't need concern himself where the paper ends up.

[freedom4ever]

Thanks so much for the help. I am in Southwest Indiana and he has been talking to the credit unionloan officer where he has his savings and checking. He has 2 years of college and a couple of years working in the business. He has a few people wanting to have him do work for him. He does have a good reputation.

As far as market research, we live in the community so we pretty well know what is around here. There are 3 body shops and two dealers with shops in the county. They are on the west side of the county and this business would be on the east side, so we think he would have a lock on a lot of good business. It is on a major 2 lane highway so he has a lot of exposure. I will look at the links you all have provided.