p2p lending at Prosper.com
Documentary Film: "State of the Union"

Click Here to view this listing on Prosper
Listing Information
Amount: $10,000.00 Status: Loan created
Grade: A DTI: 17%
Lender Rate: 11% Borrower: mike966
Time Left: Finished State: CA
Funded: 100% Group: Rising Stars Entertainment Group
Loan Information
Loan Status: Current Origination Date: 2006-07-11 EricsCC ROI: 7%
Status History
Jul 12, 2006 Current
Mar 28, 2008 Late
Apr 04, 2008 Current
Apr 26, 2008 Late
May 06, 2008 Current

Greetings,

The simplest way for me to describe why I want the loan is to post a link to the synopsis for the documentary I will make with the funds I raise.  Thanks in advance for considering me and what should be a wonderful story about an American journey. 

Before the synopsis on the film let me tell you about my repayment plans.

Repayment of the loan:

The loan I am requesting for my documentary will be paid back as a regular matter of course, since my car payment of $326 ends this year.  The Prosper loan payment is nearly equal to the car payment, so there is actually no extra payment to manage.  I also will return to a much higher paying job, if need be, upon the completion of the film.  My debt ratio of around 20% is artificially higher since I took a lower paying job in order to get this documentary done.

Two Comments: 

1)  My current job allows me to have the benefit of this creative endeavor.  However, I am able to go back to work as a stockbroker at any time. I am professional licensed with a series 7, 55, & 63.  This would more than double my income, immediately cutting the debt/income ratio down to 10%.

2)  You'll note that I do have that $15,000 wedding ring to sell!  This is an asset for the movie when and if it is sold. 

Below is a link to the complete promotional page for the Documentary:

"State of the Union"

<a href="http://www.myspace.com/stateoftheunionfilm">http://www.myspace.com/stateoftheunionfilm</a> 

.

State of the Union promises to be a great American documentary.  We know where Mike is headed; we just don't know where he'll end up. 

Thanks for your funding and excitement on this groundbreaking documentary.

Borrower's Other Listings
17671 Making A Documentary Film AA $25,000 @ 12% Jun 04, 2006 Expired
19630 Marriage In America. AA $9,000 @ 11% Jun 14, 2006 Withdrawn
19631 Documentary: "Marriage in America" AA $9,000 @ 11% Jun 14, 2006 Withdrawn
19736 Documentary Film: State of the Union AA $8,000 @ 11% Jun 14, 2006 Expired
281893 Social Networking Site: "The EchoSphere" E $9,000 @ 16% Feb 19, 2008 Withdrawn
282275 Social Networking Site: "The EchoSphere" E $5,000 @ 17% Feb 20, 2008 Expired

 

Discussion For This Listing

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