It looks like its going to be a good year!
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 36% |
| Lender Rate: | 15% | Borrower: | napkindoodle |
| Finished | State: | MA | |
| Funded: | 3% | Group: | Business Owners Cooperative |
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Business: Architecture Loan Request: Marketing Funds To be used for professional photography and website design Why: To take my business to the next level. Who: I am a full service architectural design and drafter and I will be taking my Architecture Registration Exam to be a fully licensed architect this spring and I am looking for marketing funds to take my business to the next level. For the past six years I have maintained a steady business designing and drawing new houses and renovations, from initial design sketches to construction documents. To date ? all of my business has been referral. Results: Last spring I decided to hire a professional photographer to capture one of my projects to submit to a design competition and I was published. From that experience I decided to create my own web site. Next Step: I now need to upgrade the web site by providing professional photographs of several projects and hire a web site designer to build a better site. I would also like to use some of the professional photographs in magazine ads and press releases so that I can target a new level of clientele. History: I bring to my business the experiences of working for 8 years for two architectural firms prior to going off on my own, and know how important marketing is in this industry. I have worked hard to get to this point and my family has been patient with my many weekends at the computer. Because I am a sole proprietor, I have low overhead and have the ability to offer high-end clients a great service without charging very large fees. I can do well charging a smaller fee and I would like to tap into the high-end market. I have a prosper loan that originated at $7500 that allowed me to expand my business in August 2006 and now I am ready to expand again. I have paid my other loan down to $3600 already and have no problems making my payments. I am married and my husband?s income takes care of most of the family bills including our housing and taxes. His income is not weighed in my debt to income ratio. Plan: The marketing plan that I have designed requires $5000 in photographer?s fees and $3000 for a website. Current Financials: My current income is $5000-6000 monthly and I cover the following: Utilities: $400-600 Childcare: $300 Business expenses: $200-400 Family food: $1200 Credit Card/Prosper Loan: $600 Total $ 3000 Repayment: Like my current prosper loan, I plan to make intermittent large payments throughout the loan to reduce the length of the loan in addition to my monthly payment. Thank you for considering my request. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 29581 | Cash Flow Bridge | D | $7,500 @ 21% | Aug 07, 2006 | Loan created |
| 229268 | Growing my business | D | $15,000 @ 12% | Nov 09, 2007 | Withdrawn |
| 252931 | Marketing fund | B | $10,000 @ 15% | Dec 19, 2007 | Expired |
| 287958 | Completed renovation - paying back Credit | C | $7,400 @ 10% | Mar 05, 2008 | Loan created |
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