High-Tech Startup

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Listing Information
Amount: $25,000.00 Status: Loan created
Grade: B DTI: 17%
Lender Rate: 18% Borrower: Estraviate
Time Left: Finished State: CA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2007-07-19 EricsCC ROI: 14%
Status History
Jul 19, 2007 Current

I am a recently graduated MBA from and have taken a position with a prestigious high-tech firm for a six-figure income.  Concurrently, I have been developing a high-tech startup and need funding to pay for marketing and advertising efforts.  Venture Capitalists and Angel Investors are available to finance such things; however, they require such an exorbitantly high percent of the company to do so that I would like to avoid using them at all costs.  I believe strongly enough in this business that I do not mind assuming a personal debt to finance it.

Unfortunately, I cannot disclose the nature of the business, as I am currently seeking patent protection for the product and have only shared the critical information with my management team, which consists of talented business leaders and computer engineering savants.  The good news for you as an investor is that my ?day job? provides more than enough income to service the loan whether the startup is successful or not.

On a personal note, I have been married for twelve years and have four children, which I hope speaks to my dependability.  We have a comfortable income, and this loan would be used exclusively for marketing and advertising efforts for a product group that we will be making available in August of 2007.

This is your chance to be part of something exciting.  Should we be successful, I will personally make sure that you are made aware of what you were a part of.

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