Projects has agreed to borrow $500 from me.
Loan will be repaid monthly on the last day of each month, interest is 5% monthly on outstanding amount, with a minimum payment of $125 each month.
Loan will be funded and repaid using MtGox USD codes.
Confirmed terms, thanks Blazr.
Just for people wondering I am still keeping my BTCJam loan active but because of this it means I am able to fund at around 90% rather than waiting for 100%