As documented here - http://www.ericscc.com/listings/9707 - Mr. Corey Corbin defaulted on a $25,000 loan that was funded by nearly 100 individuals. The loan originated on 7/12/09 and defaulted in a little under a year - 6/1/07.
(It's perhaps noteworthy that Mr. Corbin served 2 terms as a New Hampshire State Representative, is the owner of Raw Power Stables, and The Breezeway Pub in Manchester, NH.in late his position as Chairman on the Sandown Board of Selectman was revoked by the Sandown Board of Selectmen.)
For what it's worth, Mr. Corbin's business partner took out a $10,000 loan one month after Mr. Corbin got his loan, and similarly defaulted on 6/1/07.
Http://www.ericscc.com/listings/31433
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