Re-List Reduce Debt and Fund Business Expansion
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 20% |
| Lender Rate: | 17% | Borrower: | DTI3163 |
| Finished | State: | TX | |
| Funded: | 100% | Group: | Computer & IT Professionals |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-22 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 22, 2007 | Current |
|
Purpose of Loan:(Funding Change to meet Debt Settlement Date) First of all, thanks for taking the time to check out this listing. This is my second experience with Prosper.com and I'm confident that the outcome will be favorable. The purpose of this loan is to pay off two items currently, and to expand my current web business. Funds requested will be earmarked in the following manner: ($6,600.00) 1)Design software: $2,100.00 2)Sales presence:$2,100.00 3)Web Template:$2,400.00 COMPANY PERFORMANCE The current sales level of the business is about: 1) July $19770.00 (EST.) Ex: $18037.00 Net: $1733.00 (EST.) 2) August$19980.00 (EST.) Ex: $18791.00 Net: $1089.00 (EST.) 3) September $21788.00 (EST.) Ex: $19943.00 Net: $1845.00 (EST.) 4) October $21988.00 (EST.) Ex:$20043.00 Net:$1945.00 (EST.) The net cash flow currently is running at 10 to 22%, to cover prosper loan. EXPLANATION OF CREDIT PROBLEMS The loan will help with some additional funds I have to close out two credit issues: 1)CCard #1: Settle Balance: $ 7,000.00 ( Prosper funds utilized $7,000.00) 2)CCard #2: Settle Balance: $ 5,400.00 ( Prosper funds utilized $5,400.00) I ran into credit issue, caring for my deceased father, he did not have additional support for medical insurance, and his care required 24 hour a day service. My Financial Situation: Currently, I make a reasonable living as an engineer for a fortune 500 company and I have worked there for over 13 years. I have had some credit issues, but have worked to pay them back. I am currently working this company as secondary opportunity. The income will be applied back to the business and the loan Monthly net income: $ 4700.00 Monthly expenses: $ Housing: $ 1344.77 Insurance: $ 159.00 Car expenses: $ 490.00 Utilities: $ 120.00 Phone, cable, internet: $ 100.00 Food, entertainment: $ 300.00 Clothing, household expenses $ 200 Credit cards and other loans: $ 300 Other expenses: $ 200.00 Total Expenses: $ 3213.77 Net Income after Expenses: $1486.23 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 139853 | Business Marketing Campaign Launch | A | $25,000 @ 9% | May 18, 2007 | Withdrawn |
| 143670 | Reduce Debt and Launch Web Business Marketing Campaign | A | $25,000 @ 17% | May 28, 2007 | Withdrawn |
| 147750 | Reduce Debt and Launch Web Business Marketing Campaign | A | $23,400 @ 17% | Jun 06, 2007 | Expired |
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