Open Second Business

| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 18% |
| Lender Rate: | 15% | Borrower: | Lissette |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-05-16 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Aug 30, 2006 | Current |
| Jul 14, 2007 | Payoff in progress |
| Jul 19, 2007 | Paid |
|
I am a Professional Dance Teacher and I have a studio in Florida. I was a professional dancer for 20 years in New York bofore retiring and moving to Miami. I have 2 kids a 3 year old son and a 18 month old future ballerina. I am looking at opening a second studio in a great location that has many familys. I have already got the lease and equipment setup and ready to go. I have also sent out flyers and have received many responses from parents who wish to sign up their kids for dance classes. I am required to leave a first month and last month deposit for the lease and I also need to have some working capital to start. My other studio does very well and has over 200 students. I have no concerns about paying back the loan but I just do not want to use my credit cards or get a home line of credit since there are high closing cost with each. I would like to thank you in advance for your assistance is helping me fund this new business. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 10025 | business start up loan | B | $25,000 @ 18% | Apr 30, 2006 | Withdrawn |
| 281185 | Open Second Business | C | $16,000 @ 15% | Feb 18, 2008 | Withdrawn |
| 283755 | Open Second Business | C | $12,000 @ 15% | Feb 24, 2008 | Expired |
| 366554 | Reinvesting into Prosper | C | $7,500 @ 16% | Jul 13, 2008 | Expired |
| 403791 | Reinvesting into Prosper | A | $7,500 @ 19% | Sep 24, 2008 | Loan created |
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