Looking for a fresh start for a good cause

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Listing Information
Amount: $7,500.00 Status: Loan created
Grade: D DTI: 12%
Lender Rate: 20% Borrower: TEasmon
Time Left: Finished State: GA
Funded: 100% Group: AIDS/HIV Research
Loan Information
Loan Status: Current Origination Date: 2007-08-01 EricsCC ROI: 16%
Status History
Jul 31, 2007 Current
Purpose of loan: I will be using the money for a down payment on a new cargo van for my business or puchase of a previously owned vehicle in good condition.  I also need to use some of the proceeds to market the business for new business prospects.
 (explain what you will be using this loan for)

My financial situation:  I am currently holding down two full-time jobs to make some money for the business but with this loan I will be able to move faster.  Georgia is growing by leaps and bounds so I know that there will be a sufficient amount of business for me to make it.  My wife has a great job so we will be able to make it on her earnings until the businss is up and running and I will also keep one of my jobs until I can afford to go into my business full-time.

I believe we will be able to double up on the payments at times to repay the loan early.
(explain why you are a good candidate for paying back this loan)

Monthly net income: $ 7,500 (including spouse)

Monthly expenses: $ 4,550
  Housing: $ 1,500
  Insurance: $ 250
  Car expenses: $ 350
  Utilities: $ 250
  Phone, cable, internet: $ 250
  Food, entertainment: $1000
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 500
  Other expenses: $ 250
Borrower's Other Listings
166229 Down pmt or purchase of Cargo Van for Janitorial business D $7,500 @ 20% Jul 09, 2007 Expired
381968 Looking to help out a friend in need C $2,750 @ 32% Aug 13, 2008 Withdrawn

 

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