EXCELLENT OPPORTUNITY!
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,100.00 | Status: | Loan created |
| Grade: | B | DTI: | 14% |
| Lender Rate: | 13% | Borrower: | Babynuyear |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Small Business & Self Employed |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-12-18 | EricsCC ROI: | -66% |
| Status History | |
|---|---|
| Dec 17, 2007 | Current |
| Feb 03, 2008 | Late |
| Feb 15, 2008 | Current |
| Mar 05, 2008 | Late |
| Mar 19, 2008 | 1 month late |
| Apr 19, 2008 | 2 months late |
| May 24, 2008 | 3 months late |
| Jun 19, 2008 | 4+ months late |
| Dec 29, 2008 | Default |
|
Purpose of Loan: To pay for a website, including: · Structuring what is now designed · Domain, Web and e-mail hosting · Software, including web based administration My Financial Situation: I?m Owner/Broker & President of a real estate & mortgage brokerage. I have 2 Salespersons, 2 Loan Officers and a loan processor. My salary is $60,000/yr. I also draw commissions of my own from real estate sales and loans. It?s very well known that my industry has slowed due in great part to the ?Sub-Prime? loans of the past handful of years. I?m blessed that years of experience produces referrals from previous & current clients. I?m not downsizing anytime soon. Much to the contrary, I?ll need to hire new staff members should I be lucky enough to get this loan. More info on the website provided below***. Monthly Income: Salary - Owner/Broker/Pres.$ 5,000 Ave Com. Sales/Loans $ 9,000 Gr. Tot Inc $14,000 Monthly Expenses: Mortgages $4,955 WaMu ? Visa $ 212 Macy?s ? Visa$ 42 Utilities $ 70 Total $5,279 Please note, affecting my DTI; a) My second mort is included above & also appears as a revolving credit account on report. b) Lines of credit may appear on my report which, are serviced by my company. I had to personally guarantee them. Documentation is avail. *** I?ve own a DOMAIN NAME for about a year. I was very surprised to find it available and immediately bought it for 5 years. I bought .com .net .org .biz .us & .info to make sure nobody copies the name. I?ve invested much time, money and effort into developing a new & innovative website. I?ve even flown my niece (a professional model) and her husband (a pro wrestler) from Mexico to film a TV spot. The ad is fully edited and paid for. My attorney advised me not to disclose too much information for fear of theft of the concept. The name is synonymous with a part of my industry which like Xerox, Kleenex and Jacuzzi is a NAME BRAND synonymous with a PRODUCT. I legally filed the name as a fictitious name in L.A. County & I registered a trademark monitored by the U.S. Trademark Center. I have all legal documents to support my claims. I hope Prosper.com &/or my group leader see this and contact me to submit documentation. I?ve worked as a licensed RE agent since ?86 & a broker since ?93. The website is real estate related. At the risk of sounding cynical, the worse the market gets, the better this concept is. If you knew, you?d agree it?s the perfect time for this website. I?ve been in conversations & negotiations with my affiliates & vendors. They?re all chomping at the bit to get started. They?ve seen a downturn in business & this site will jump-start their business as well as mine. It?s possible to take it public within a year. I?ve nothing to hide & am more than eager to get going! Please help, thank you so very much. This is not an offer to sell shares but rather, a solicitation for a loan to finish the structure and design of the website to then, launch and market the website. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 116779 | Excellent Opportunity to expand existing biz. 20+ yrs experi | C | $25,000 @ 18% | Mar 28, 2007 | Withdrawn |
| 117146 | EXCELLENT OPPORTUNITY TO EXPAND BUSINESS | C | $25,000 @ 21% | Mar 30, 2007 | Withdrawn |
| 120793 | EXCELLENT OPPORTUNITY | C | $25,000 @ 23% | Apr 09, 2007 | Expired |
| 141156 | EXCELLENT OPPORTUNITY | C | $25,000 @ 20% | May 22, 2007 | Loan created |
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