Investor Testimonials


I have been investing with The Loan Company for many years, and no other investment comes anywhere near the consistent growth that you have provided me.  It is such a pleasure watching my savings grow so quickly and knowing that the interest will continue to grow fast enough for me to live on it without touching the principal.  No other investment offers me that long-term security.   
Thanks so much!   

Cheri C.
June 12, 2018



To: The Loan Company of San Diego Personnel
From: Dan McCue, Limited Partner

I have been a partner since 1990 when The Loan Company was more commonly known as Phar Way II. I initially dealt with Steve Dillaway and Laurie Dunlop who have always been strong stewards of the partnership and very responsive. The Loan Company has grown considerably over the years, especially more recently with John Lloyd’s leadership. As a result, more people have joined the supportive ranks. I have invested as two additional entities so now I have three limited partnership investments, the support staff have always been great. I have referred many new partners to The Loan Company and have never heard a complaint, so you are doing it right! The Loan Company continues to provide excellent client service. I especially want to thank Elizebeth, Shannon and Brett for my recent investment which had a deadline and was easily met. Keep up the good work. My sincere thanks.

All the Best,
Dan McCue

April 27, 2018



Hi John,

My roommate in college referred me to Steve Dillaway over 20 years ago.  I have been an investor in the Loan Company for over 16 years, and have been very happy with the results.  The Loan Company has given me diversification, an excellent rate of return, safety factors, and excellent leadership.  I’m pleased that they obtain qualified borrowers who pay back the loans with a good return.  I’m happy that I included the Loan Company in my portfolio.

Thanks John,

Larry Showley, CLU, ChFC, CLTC
Showley, Archambault & Alexander



I have been investing my hard earned money for the past 45 years. Some investments have been good and some have not been so good. But none of those investments has been as consistent and positive as my investments in TLC over the past 6 1/2 years. I only wish that I had found TLC earlier. But better late than never.

Great company, great people, great consistent returns. 

Bob Fondiller
(happy  and satisfied TLC partner since 2010)



I just wanted to take a moment and thank you for giving us the opportunity to invest with the Loan Company. Having been a banker for the company, as well as knowing many of the principals, for so many years; it makes investing with confidence in your organization an easy choice. May you enjoy continued success in the trust deed industry. 

Best Wishes,
Tom Ivory



Having been an investor in The Loan Company for 4 years, I am very happy with the consistent rate of return on my funds placed in TLC.  Their standard return for the last 20 plus years has been predictable and desirable in this economic climate.   I was invited to join TLC by another long term client who I have great respect and trust for.  Having attended several Executive Council meetings, I feel very secure with the integrity, efficiency, leadership and teamwork under the President, John Lloyd and General Partner, Steve Dillaway. I feel confident in the TLC’s  “response- able” direction to attract and evaluate qualified borrowers and secure high returns for the investors in their 130 million ( and growing) portfolio.  Referring other family members and close friends to become part of TLC’s expanding vision for servicing the investment needs of their members has been my way of saying, “Thank you TLC…. Keep up the good work!”

Christopher Kleber , DDS
October 26, 2016


"Just wanted to reach out and say, 'thanks' to all of you at The Loan Company.

I cringe everyday when I look to see how the stock market ended up as I still have some funds tied to it, but when I think of my funds in The Loan Company I never worry,

In over 40 years of investing, this [The Loan Company] is one of the best choices I've ever made. Thanks again for making this so effortless for us."

Matthew "Ron" Quinn, Ph. D.
August 17, 2016


"I just wanted to tell you how much I appreciate The Loan Company’s integrity. In a world where so many firms are out to get something, The Loan Company is clearly out to give something. And what you give is unmatched in the industry. I sleep very well knowing that you and your staff are watching over my assets."

Gratefully Yours,
Jacob Liberman, OD, PhD.
January 13, 2016


"I want to tell you how happy I am with the integrity and transparency of the fund.  I've been trying to find another similar fund to the SD Loan Co in other regions with the aim of diversifying beyond San Diego and none of them so far have policies like yours that always favor the partners.  There always seems to be a catch or conflict of interest. I'm glad I found you!"

Eric Franz
April 21, 2013


“Steve Dillaway’s custodianship of my capital at The Loan Company was fabulous.  His team managed risk in a very effective manner during some challenging times.  My returns were steady and reasonable.  I am grateful to have had The Loan Company in my portfolio.”

Willy Ayyad
Feb. 20, 2012



“First, I want to congratulate you on navigating the financial crisis with grace, as well as making people some good money.”

Sameer Desai


“John, I just got back from my mothers. She wants me to express to you her gratitude in handling her account thru these trying times. She has had many of her elderly friends lose large amounts of money in the stock market and other investments. Thanks to Steve and the whole crew at The Loan Company for a job well done.”

Tony Dileva


“Thanks again, and congrats on being the private lender with the most stable portfolio in the business.” 

Mark McLaren


“As I mentioned to Steve and to others on numerous occasions, I have the highest regard for the integrity, skills and judgment of The Loan Company team.”

Dennis Wells


“We are glad you are positioned to handle this economy and market. Therefore, we have confidence to leave our money in The Loan Company.”

Vicki Reams



“Please know that I have only the highest regard for the skills and judgment of The Loan Company team.”

Noralee J. Wells



As a financial planner and investment manager since 1975, I am pleased to be an investor in the Loan Company partnership. As a semi retired person, I find great comfort in the professional way Steve Dillaway, John Lloyd and their associates operate the business. During the past 34 years I have seen a broad range of investment opportunities and assisted thousands of people with their personal investment portfolios. The Loan Company investment opportunity belongs in most people’s investment portfolio. When asked what I am doing with my own personal portfolio, I advise friends and financial planners that they should consider an investment in the Loan Company themselves.



John Weil
Financial Planner
February 12, 2009