Teacher Starting New Tutoring Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 16% |
| Lender Rate: | 35% | Borrower: | lesfull |
| Finished | State: | CA | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: After becoming disabled in December of 2006, I have decided to seek at-home work. I have seven years of experience teaching both in classrooms and at home-schooling programs. Following my background, I plan to start a home-school consultation service. My service will include: - Helping families set up their home-school with their LEA or district - Selecting home-school curriculum - Creating lesson plans - Tutoring - Completing assessments and testing I plan on creating and consulting from a home office. In order to do that, I will initially incur several expenses. These will include: Business license and EIN: $20 Professional and General liability insurance: $2000 Office equipment: $1000 Testing materials: $400 Business cards, fliers and brochures: $100 Web site and advertising: $500 Miscellaneous expenses such as Accountant fees, professional journals, association dues, etc: $1000 Educational consultants can charge between $25 and $45 per hour depending on experience. I plan to charge a rate of $35 an hour with options for families to pay for yearly consultations and testing for up to $400. My husband makes $3000 a month at his job, so repaying the loan should not be a problem. However, because of the difficulties we have had over the last year, I do not have any savings and cannot obtain a business loan. Any help trying to get my business started would be greatly appreciated. My financial situation: Prior to December of 2006, I had never had a single collection, 30-day late, lien, etc. My credit was perfect. The only black marks on my credit are from December 2006 to June 2007 when I initially fell ill and finally had to file chapter 7. Before that and after that everything is perfect. I consider paying your bills on time to be a reflection of your character and found it very difficult to abandon my obligation to pay them by filing chapter 7. I am aggresively trying to rebuild my credit and will not do anything to damage it again. Monthly net income: $3,000 (from my husband) Monthly expenses: $ 2,816 - Housing: $1,150 - Insurance: $36 - Car Expenses: $0 (paid off) - Utilities: $250 - Phone, Cable, Internet: $150 - Cell Phone: $75 - Food and Gas: $500 (I have seen some people put this as low as $200 but I live in Southern California and I'm being honest, there is NO WAY anyone could live with that little set aside for food and gas here.) - Household Expenses: $50 - Credit cards: $55 - Taxes: $300 - Prosper Loan (If I get it): $250 I thank you for taking time to read this listing and appreciate any help you are willing to extend. Thank you. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 160535 | Relocation assistance for better job- low DTI | E | $1,500 @ 18% | Jun 29, 2007 | Withdrawn |
| 163848 | Relocation assistance for better job- low DTI | E | $3,000 @ 25% | Jul 05, 2007 | Expired |
| 258620 | Starting new business after disability, bankruptcy | D | $5,000 @ 35% | Jan 01, 2008 | Expired |
| 263857 | Teacher Starting New Tutoring Business | D | $5,000 @ 35% | Jan 12, 2008 | Withdrawn |
| 264725 | Teacher Starting New Tutoring Business | D | $5,000 @ 35% | Jan 13, 2008 | Expired |
| 271482 | Teacher Starting New Tutoring Business | D | $3,000 @ 20% | Jan 25, 2008 | Loan created |
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