Relist: Help me achieve my dream of business ownership

Click Here to view this listing on Prosper
Listing Information
Amount: $25,000.00 Status: Loan created
Grade: A DTI: 25%
Lender Rate: 15% Borrower: crazymaynard
Time Left: Finished State: UT
Funded: 100% Group: Small Business & Self Employed
Loan Information
Loan Status: 4+ months late Origination Date: 2007-07-12 EricsCC ROI: -68%
Status History
Jul 12, 2007 Current
Jun 28, 2008 Late
Jul 13, 2008 1 month late
Aug 13, 2008 2 months late
Sep 13, 2008 3 months late
Oct 13, 2008 4+ months late
Purpose of loan:
I will be using this money in conjunction with other that I have acquired to open a highly profitable TMobile franchise. These stores bring money in starting at day one, and typically have all startup fees paid back within 6 months.(based on 70 current operating franchises) My goal is to open one, make it profitable, and then open numerous others. I intend to maintain my current employment, until I have replaced that income consistently.

My financial situation:
I have little to no debt other than my house and a car. I pay everything on time or off early, and between my 6k a month, and quarterly bonuses, have enough current cash flow to handle any and all bills or payments I may acquire.

Monthly net income: $ 6000 not including bonuses

Monthly expenses: $
  Housing: $ 1600
  Insurance: $ 100
  Car expenses: $ 300 plus $200 motorcycle    
  Utilities: $ 200
  Phone, cable, internet: $ 100
  Food, entertainment: $ 300
  Clothing, household expenses $ 300
  Credit cards and other loans: $ 15
  Other expenses: $
Borrower's Other Listings
152153 Hot TMobile Franchise startup capital A $25,000 @ 17% Jun 14, 2007 Withdrawn
155115 Help me achieve my dream of business ownership A $25,000 @ 14% Jun 20, 2007 Withdrawn

 

Discussion For This Listing
View Recently Discussed Listings »

No Comments Found For This Listing

Post A Comment
You must be logged in to post comments on listings. Not yet a member? register here