2nd Loan: Refi Business Expenses
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Expired |
| Grade: | B | DTI: | 31% |
| Lender Rate: | 17% | Borrower: | garet |
| Finished | State: | TX | |
| Funded: | 0% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
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For those that bid and re-bid, I am sorry. I am trying to revise this to answer all the questions. I have a habit of wanting to get it right.. heh The purpose of this loan is to help consolidate some overhead in my business. By consolidating my two main servers into one smaller server, I can cut a lot of overhead. The problem is, I need to pay the developers I use on a contract basis to redevelope the website to run on only one server, so we do not go down in the process of the move. I also am taking the time to add in a few changes to the website since it is less expensive when they are already in the server anyways. The reason I am turning here is that I would rather incur the costs, personally. That was why I took out the original loan myself as well. Now, I want to make a few more changes and do the same thing. This is easier than trying to finagle a small business loan or re-arrange other services on the site. (If you would like to see the site, send me a PM.. it is a clean site.. safe for work etc.. heh). We own patents for what we do and hope to leverage those next year and have a very solid business. We also are working on a few other things that will happen next year. We have had some misseps, but we have learned from those and, with a lot of good people's help, we have really grown where others have not. We are set to auto pay the loan, but we manually do it to feel like we pay it ourselves. We generally pay about 2-3 weeks in advance. Currently, my wife and I make about 91-92k a year. I make about 43.5k a year. Here is our monthly overhead: $567 Prosper $1430 Mortgage (The house loan is in her name, thus the lack of the auto home verification.) $485 (2007 Nissan Titan) $315 (2006 Scion xB) $850 Child Daycare $600 Utilities (cell phones, elec, etc) $550 Food & Gas Total: $4797 This leaves us about $1100-$1400 a month, depending on if I go crazy cooking bbq's that month or not.. heh (I love to cook) We also try to add $50 a month to here to loan. We buy everything on Discover, that is the 43% credit card balance. We pay it all off at the end of each month. We like the cash back bonus, it adds up. This month we applied $120 to it due to saving it up. We can easily afford the second loan, as this will save me more than the cost of the loan. After I lower my monthly expenses, I may just pay the loan with the business as the savings will be greater, but I do not have to. I have never missed a single payment. We are over halfway on the current one. I am applying for this as it is the right decision to save money. Ask whatever questions you like. We pay everything by the 2nd business day of the month, including Prosper even though it is due on the 27th. Thanks and God bless! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 19667 | Startup | C | $15,000 @ 20% | Jun 14, 2006 | Withdrawn |
| 19746 | Startup Business | C | $15,000 @ 19% | Jun 14, 2006 | Withdrawn |
| 19869 | Starting a new company, need Investors | C | $15,000 @ 22% | Jun 15, 2006 | Withdrawn |
| 19914 | Need starting capital for new company | C | $15,000 @ 20% | Jun 15, 2006 | Withdrawn |
| 20875 | Re-listing: Need capital for Startup. | C | $15,000 @ 20% | Jun 21, 2006 | Withdrawn |
| 20881 | RE-listing: Startup money needed for Business. | C | $15,000 @ 20% | Jun 21, 2006 | Withdrawn |
| 20886 | RE-listing: Startup money needed for Business. | C | $15,000 @ 20% | Jun 21, 2006 | Loan created |
| 239212 | RE-listing: Startup money needed for Business. | B | $15,000 @ 8% | Nov 28, 2007 | Withdrawn |
| 239286 | Refi and Home Improvments | B | $15,000 @ 8% | Nov 28, 2007 | Withdrawn |
| 239298 | 2nd Time Listing: Refi and Home Improvments | B | $15,000 @ 8% | Nov 28, 2007 | Withdrawn |
| 239452 | 2nd Loan: Refi Business Expenses | B | $15,000 @ 17% | Nov 28, 2007 | Withdrawn |
| 241236 | 2nd Loan: Refi Business Expenses | B | $15,000 @ 17% | Nov 30, 2007 | Withdrawn |
| 248797 | Consolidating Servers | B | $15,000 @ 17% | Dec 11, 2007 | Withdrawn |
| 248834 | Consolidating Servers | B | $15,000 @ 17% | Dec 11, 2007 | Expired |
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