Capital for Ambulance Service expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 45% |
| Lender Rate: | 15% | Borrower: | eliteo1 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | AAAA Fund America |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-05-25 | EricsCC ROI: | -54% |
| Status History | |
|---|---|
| May 25, 2007 | Current |
| Dec 10, 2007 | Late |
| Dec 26, 2007 | 1 month late |
| Jan 26, 2008 | 2 months late |
| Mar 01, 2008 | 3 months late |
| Mar 28, 2008 | 4+ months late |
| Jul 09, 2008 | Default |
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Purpose of loan: This loan will be used to capitalize expansion into a much needed branch of my ambulance service. The wheelchair and stretcher van service I need to fund will immediately compliment my existing fleet of ambulances in NW Atlanta. I have never defaulted on any loan and have always paid all of my bills on time. As a community leader my reputation means everything to me. I will use only business funds to repay the prosper loan. My financial situation: The Prosper loan will not use personal funds to repay, all will come from the business. I have included my personal stuff anyway. Since I left the corporate world last year things have been doing great. I now realize how important capitalization is to growing businesses. I am in good shape business wise and personally, I just need some capital to grow. Monthly net income: $ $5,500 Monthly expenses: $ 3,875 Housing: $ $1,300 Insurance: $ $350 Car expenses: $ $525 Utilities: $ $350 Phone, cable, internet: $ $150 Food, entertainment: $ $300 Clothing, household expenses $ 150 Credit cards and other loans: $ 750 Other expenses: $ |
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Discussion For This Listing
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