community lending

[LoveTrains]

I recently heard that someone is trying to open a combo bookstore/bar in my city. They need an additional $50,000 that they are seeking through community lending. They are seeking loans of $1k+ with returns of 2.5 - 4%, compounded annually, plus all lenders get a 30% discount on books.

Is this something you would consider a loan of $1,000?