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RELISTED: Working Capital for Business/Upcoming Projects

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Listing Information
Amount: $15,000.00 Status: Loan created
Grade: B DTI: 20%
Lender Rate: 15% Borrower: ti07
Time Left: Finished State: IL
Funded: 100% Group: Small Business & Self Employed
Loan Information
Loan Status: 2 months late Origination Date: 2007-09-19 EricsCC ROI: -46%
Status History
Sep 18, 2007 Current
Oct 04, 2008 Late
Oct 20, 2008 1 month late
Nov 20, 2008 2 months late

RELISTED FOR A LOWER AMOUNT

Purpose of loan:
The purpose of obtaining this loan is to have working capital for upcoming projects within this month.  I also plan on purchasing a delivery truck that can be wrapped with my company's information, which will greatly enhance my company's visability in a highly marketable area. 

I own a promotional marketing/event marketing entity in which we produce items such as t shirts, backpacks, pens, postcards, business cards, hats, banners and approximately 500,000 other promos.  We put together packages and event merchandise for clients to give away. As well as work with several different companies in composing sales incentives, fundraisers, employee awards, safety programs, golf outing merchandise....

My financial situation:
Currently, I am bouncing back from 2 car accidents, 1 in early 2003 and 1 in mid 2004, which sidelined my full potential to grow the business.  I have the full capability to make my monthly payments on time every month. My prosper loan will be my 1st priority with automatic withdrawal from my account, my credit is very important to me and I wish for its good standing to continue to grow.  I anticpate paying the loan off prior to the 3 year period. 


Monthly net income: $ 3300

Monthly expenses: $ 2045 
  Housing: $ 750
  Insurance: $ 145  
  Car expenses: $100
  Utilities: $ 200
  Phone, cable, internet: $ 200
  Food, entertainment: $ 250
  Clothing, household expenses $ 150
  Credit cards and other loans: $ 250
  Prosper Loan: $1255 left, so payments are quite easy

Borrower's Other Listings
194637 Working Capital for Business B $20,000 @ 18% Aug 29, 2007 Withdrawn
194689 Working Capital for Business/Upcoming Projects B $18,000 @ 18% Aug 29, 2007 Withdrawn
195355 Working Capital for Business/Upcoming Projects B $20,000 @ 28% Aug 30, 2007 Withdrawn
196435 Working Capital for Business/Upcoming Projects B $17,500 @ 26% Sep 03, 2007 Withdrawn
295474 Office Improvements C $9,000 @ 22% Mar 19, 2008 Withdrawn
295569 Office Improvements C $9,000 @ 30% Mar 19, 2008 Withdrawn
296582 Relisted for a Lower Amount-Office Improvements C $7,000 @ 30% Mar 21, 2008 Withdrawn
298510 Relisted for a Lower Amount-Office Improvements C $5,500 @ 26% Mar 24, 2008 Expired
302358 Relisted-Office Improvements C $5,500 @ 20% Mar 31, 2008 Cancelled
307854 Relisted-100% Funded the 1st Time C $5,500 @ 30% Apr 11, 2008 Withdrawn
308651 Relisted-100% Funded the 1st Time C $5,500 @ 23% Apr 12, 2008 Loan created

 

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