Expansion of existing business
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 46% |
| Lender Rate: | 18% | Borrower: | tynerstar |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Worldpower Investments |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 2 months late | Origination Date: | 2008-04-30 | EricsCC ROI: | -52% |
| Status History | |
|---|---|
| Apr 30, 2008 | Current |
| Nov 14, 2008 | Late |
| Dec 01, 2008 | 1 month late |
| Dec 31, 2008 | 2 months late |
|
INTRODUCTION Thank you for taking the time to read my loan request! My name is Brittany. I have been working as an Administrative Assistant and Account Coordinator for Cox Media for over 4 years now. I feel I can help business owners with their marketing needs more directly as a business owner myself. LOAN PURPOSE This loan will help me expand my marketing reach and provide working capital for promotions as well as hiring my first employee! We have a lot of exciting things happening and need a little bit more help to put everything together. I have had a lot of success in the last year thanks to your support here at Prosper. It is a bit scary to hire someone and commit to paying them a base salary, but it is time to expand. Distribution of Funds: New Computer/Production Equipment $5000 Marketing Materials $2500 Promotion $1500 Working Capital $1000 BUDGET Monthly Income: My Income: $6333/mo. Boyfriend's Income: $3500/mo. Expenses Before Prosper Loan: Credit Cards/Loans: $300 Rent/Mortgage: $900 Car Payment: $500 Insurance: $150 Utilities (phone, cell, gas, electric, water): $100 Food: $500 Clothing: $100 Entertainment: $200 Medical: $50 Miscellaneous: $100 TOTAL EXPENSES: $2900 LEFT OVER: $1433 Changes After Prosper Loan: Prosper Loan: $550 New Prosper Loan: $500 Credit Cards/Loans: $300 TOTAL EXPENSES: $3450 LEFT OVER: $2383 Business Revenue for Past 6 Months: $12,000 Projected income increase: $2500/mo CONCLUSION I can support this loan with my current job to ensure my business continues to grow steadily. I have a well thought out and prepared business plan and strategy that is starting to come to fruition. I believe I can separate myself from my competition through experience, franchise support and a solid integration in the local economy. Thank you for taking the time to consider my request! Please let me know if I can answer any questions. Sincerely, Brittany |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 144019 | Purchase My First Franchise | A | $15,000 @ 16% | May 29, 2007 | Withdrawn |
| 144077 | Purchase of a New Marketing Franchise | A | $15,000 @ 16% | May 29, 2007 | Withdrawn |
| 145049 | Purchase a New Marketing Franchise | A | $15,200 @ 16% | May 31, 2007 | Loan created |
| 313356 | Expansion of existing business | B | $13,254 @ 18% | Apr 18, 2008 | Withdrawn |
| 314087 | Expansion of existing business | B | $13,249 @ 19% | Apr 19, 2008 | Withdrawn |
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