Refinance Small Business Equipment Loan!! Profit with Us!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 27% |
| Lender Rate: | 13% | Borrower: | flexit |
| Finished | State: | OH | |
| Funded: | 100% | Group: | Small Business & Self Employed |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-06-13 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Jun 13, 2007 | Current |
| Nov 28, 2008 | Late |
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Purpose of loan: Our Health Club business needs more marketing capital. Our debt repayment structure has been very aggressive, but now we need to implement a new marketing plan. By refinancing an equipment loan, we can implement our plan. Our financial situation: We opened our dream business a little over two years ago and boy what a ride!! We took out a loan for the cardio equipment that had a very aggressive payback plan. By refinancing what we still owe, close to $700 would be freed up. This money could then be redirected into our marketing efforts. We have been paying $1083 every month for two years on this equipment loan and so it will not be a problem to make the Prosper loan payment. Please bid on our loan. We are hard workers and determined not to fail in this business. We have big plans but we need to let our community know that we are there!! Help us do this!!! Business Monthly net income: $ 7200 Monthly expenses: $ Rent: 2000 Insurance: $440 Utilities: $1500 Loans: $2500 (Includes the $1083 monthly paymennt we are refinancing) Other expenses: $ 500 Some Background on Us: My husband is a full time computer consultant by day, personal trainer by night. His income supports our family and so none of the business income is needed at home. We plan to eventually move him into a permanent role at the gym, but need this marketing money to make this happen!! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 306417 | We want to pay YOU!!!! NOT the credit card company!! | C | $17,000 @ 20% | Apr 08, 2008 | Withdrawn |
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