Business Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 19% |
| Lender Rate: | 11% | Borrower: | ademich |
| Finished | State: | NJ | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-03-27 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Mar 27, 2007 | Current |
| Apr 11, 2008 | Late |
| Apr 30, 2008 | Current |
| Jul 12, 2008 | Late |
| Jul 30, 2008 | 1 month late |
| Jul 31, 2008 | Current |
| Aug 12, 2008 | Late |
| Aug 28, 2008 | 1 month late |
| Aug 30, 2008 | Current |
| Nov 13, 2008 | Late |
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About me: My name is Adrian and I am a 28 years old professional. I own a tanning salon I have been in the tanning industry since 2000. About my tanning business: Currently the business is set up as a corporation and it pulls in about $210,000 a year in gross revenue. The salon is only 3 years old and most profits go back towards advertising and equipment upgrade. The salon is located in Middlesex county NJ and it was established in November 2004. It is 2400 sq feet facility on a major highway. Currently there are 13 beds with build out room for 3 additional beds. Next year projected revenues are at $280,000. Yearly Income: $64,000 Monthly Expenses: Car Payment: None Housing Rent/Utilities: $500 Food: $800 Various entertainment: $500 Gas: $120Full Car Insurance: $120 Phone: $55 Internet: $50 Reasons for requesting Loan: I need another Magic bed that cost $42,000. I only need about $25,000 to complete transaction. I could lease this bed but the interest rate its just plain crazy for tanning equipment. This is why I turned to prospect.com. The going rate for walk in session on this bed is $36. The tanning season is almost here and the Magic bed I have is booked all the time. Why this is a safe investment for you: I have a full time stable, predictable income My business is profitable and growing month by month Carry no debt. Please feel free to contact me through Prosper if you have any questions or email ademich@hotmail.com. I will be happy to answer them. I don?t want to include my tanning salon website on this listing but I could email it to anyone interested. Please do not disturb my employees and ask them questions. You can always call and ask for the owner. Thank you for considering my loan request. |
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