Purchase a New Marketing Franchise
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,200.00 | Status: | Loan created |
| Grade: | A | DTI: | 45% |
| Lender Rate: | 16% | Borrower: | tynerstar |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-08 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 09, 2007 | Current |
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INTRODUCTION Thank you for taking the time to read my loan request! My name is Brittany. I have been working as an Administrative Assistant and Account Coordinator for Cox Media for over 3 years now. I feel I can help business owners with their marketing needs more directly as a business owner myself. LOAN PURPOSE This loan will help pay most of the franchise fee. I can support the rest of the funding of the business through my savings and current income. The $20,000 franchise fee is a little more than I can currently pay for upfront and ask for a prosper loan to help out this portion of the business start-up. Distribution of Funds: Franchise Fee $15000 BUDGET Monthly Income: My Income: $4333/mo. Boyfriend's Income: $3500/mo. Expenses Before Prosper Loan: Credit Cards/Loans: $300 Rent/Mortgage: $900 Car Payment: $500 Insurance: $150 Utilities (phone, cell, gas, electric, water): $100 Food: $500 Clothing: $100 Entertainment: $200 Medical: $50 Miscellaneous: $100 TOTAL EXPENSES: $2900 LEFT OVER: $1433 Changes After Prosper Loan: Prosper Loan: $550 Credit Cards/Loans: $300 TOTAL EXPENSES: $3450 LEFT OVER: $883 Business Revenue for Past 6 Months: This is a start up business. Projected income increase: $2500/mo CONCLUSION I can support this loan with my current job then more easily as the revenue from the franchise increases. I have a well thought out and prepared business plan and strategy. I believe I can separate myself from my competition through experience, franchise support and a solid integration in the local economy. Thank you for taking the time to consider my request! Please let me know if I can answer any questions. Sincerely, Brittany |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 144019 | Purchase My First Franchise | A | $15,000 @ 16% | May 29, 2007 | Withdrawn |
| 144077 | Purchase of a New Marketing Franchise | A | $15,000 @ 16% | May 29, 2007 | Withdrawn |
| 313356 | Expansion of existing business | B | $13,254 @ 18% | Apr 18, 2008 | Withdrawn |
| 314087 | Expansion of existing business | B | $13,249 @ 19% | Apr 19, 2008 | Withdrawn |
| 315295 | Expansion of existing business | B | $10,000 @ 18% | Apr 21, 2008 | Loan created |
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