Need To Upgrade and Add Additional Equipment
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 44% |
| Lender Rate: | 18% | Borrower: | bnathan13 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-21 | EricsCC ROI: | -50% |
| Status History | |
|---|---|
| May 19, 2007 | Current |
| May 06, 2008 | Late |
| May 24, 2008 | 1 month late |
| Jun 22, 2008 | 2 months late |
| Jul 22, 2008 | 3 months late |
| Aug 22, 2008 | 4+ months late |
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INTRODUCTION Thank you for taking the time to read my loan request! My name is Nathan. I have been working as an independent sales rep with a book distribution company for 9 years. I am currently single with no children but have an amazing girlfriend and plan on settling down soon. LOAN PURPOSE After 9 years of use much of my equipment is in need of replacement. These include laptop POS systems, display equipment, and a new trailer for transportation. Part of the function of my business is fund raising for non-profits and charities and have contributed over $450,000 to charity of the last 9 years. Distribution of Funds: - Display Carts: $7000 - Trailer: $5000 - POS Computer: $3000 BUDGET Monthly Income: My Income: $7500/mo. Expenses Before Prosper Loan: Credit Cards/Loans: $800 Rent/Mortgage: $2000 Car Payment: $000 Insurance: $100 Utilities (phone, cell, gas, electric, water): $50 Food: $400 Clothing: $100 Entertainment: $100 Medical: $125 Miscellaneous: $000 TOTAL EXPENSES: $3575 LEFT OVER: $3925 Changes After Prosper Loan: Prosper Loan: $558 Credit Cards/Loans: $800 TOTAL EXPENSES: $4233 LEFT OVER: $3267 Business Revenue for Past 6 Months: April, 2007: $7400 March, 2007: $6300 February, 2007: $1200 January, 2007: $1400 December, 2007: $16800 November, 2007: $17300 CONCLUSION As you can see by the above listed income, business is relatively cyclical and increases as the year goes on. At times funds become fairly slim and need a little infusion. Thank you for taking the time to consider my request! Please let me know if I can answer any questions. Sincerely, Nathan |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 128832 | Need A Little New Equipment | C | $15,000 @ 10% | Apr 25, 2007 | Withdrawn |
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