Repair our building and pay down debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 1,001% |
| Lender Rate: | 10% | Borrower: | uvumf |
| Finished | State: | WI | |
| Funded: | 100% | Group: | Business Owners Cooperative |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-05 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| May 03, 2008 | Current |
|
Purpose of loan: This loan will be used to tuck point the back wall of our building, do some landscaping and pay off our first Prosper.com loan. We were going to repair the wall next year but have decided to do it earlier because it sustained damage during our rough winter. Fixing it will allow us to grow vines on it which will help our heating bills next winter. That wall will cost about $3000 to fix. That will be the last major maintenance that we will need to do for many years. My financial situation: Doing fine. We are having a good year at the cafe. I don't see any problem with making the loan payments. Should we run into unexpected trouble with the business, my wife also has a separate income from her job. I am a good candidate for this loan because? This will be my second Prosper.com loan and my record of payment is flawless. We are a successful Mom and Pop business. I'm really into the prosper model for peer to peer lending. Although I could get a loan at a bank or with one of my credit cards, I much prefer to utilize Prosper. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 125484 | Energy Efficiency Improvements for Independent Local Cafe | AA | $4,500 @ 9% | Apr 18, 2007 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|