Equipment & Working Capital
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 28% |
| Lender Rate: | 11% | Borrower: | agilitydoc |
| Finished | State: | IN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-16 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Jan 17, 2008 | Current |
|
Purpose of loan: This loan will be used to? Purchase some new equipment and a desktop computer, along with a small amount of working capital as I am opening a new office in my home town. I am a veterinarian that specializes in alternative therapies. I do chiropractic treatments for dogs and horses. I am looking to purchase an electrical stimulation machine, a Soken 2000 electrical stimulator S 2000, which costs $1,000 plus a few supplies to go along with it. Then I need a desktop computer which will cost around $500 along with a printer/fax machine for another $500. The other $3000 will be used as working capital and for miscellaneous items that will be needed, ie floor mats, office decor, chairs, etc. My financial situation: I am a good candidate for this loan because? my credit rating shows that I do pay my debts and I use credit effectively and wisely. Two dings on my credit - one is a bankruptcy that occurred over 7 years ago due to a lawsuit with a business partner (for the record I do not have any business partners in my current business). That bankruptcy has been discharged 7 years ago. The other is the 28% DTI. I can assume that this is because of two things one I reported only the money that I actually make from working on animals, which is what I can actually prove and that I have a line of credit on my home and my rental property, which were part of the loan agreements, so that the loan companies were able to gain a little more interest on a part of the monies I was borrowing. I have been a veterinarian for over 11 years and have been adjusting animals for over 10 years. The animal chiropractic business is very good with low overhead and great clients. This new office will allow me to expand and bring in another $800 to $1000 per week more and will cut down on some of my fuel prices as now my office space will be closer to home. If you have any questions please ask I am open with my financial situation. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 36689 | Reorganizing debt | B | $5,000 @ 15% | Sep 04, 2006 | Withdrawn |
| 37337 | Relist of Reorganizing Debt | B | $4,500 @ 16% | Sep 06, 2006 | Loan created |
| 94994 | Buying a property for investment | A | $10,000 @ 12% | Feb 07, 2007 | Withdrawn |
| 95007 | Investment property for a previous prosper borrower | A | $10,000 @ 12% | Feb 07, 2007 | Withdrawn |
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