Open Second Business
Homeownership Verified

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Listing Information
Amount: $16,000.00 Status: Loan created
Grade: B DTI: 18%
Lender Rate: 15% Borrower: Lissette
Time Left: 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10025 business start up loan B $25,000 @ 18% Apr 30, 2006 Withdrawn
281185 Open Second Business C $16,000 @ 15% Feb 18, 2008 Withdrawn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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