| Listing Information | |||
|---|---|---|---|
| Amount: | $7,300.00 | Status: | Loan created |
| Grade: | C | DTI: | 12% |
| Lender Rate: | 15% | Borrower: | SeasonsYoga |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Atlanta Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-09-05 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Sep 01, 2006 | Current |
| Sep 11, 2008 | Payoff in progress |
| Sep 16, 2008 | Paid |
|
Overview: Seasons Yoga is currently seeking additional seed capital for upcoming product launch. Leveraging existing supplier and customer relationships, we are eager to launch our product lines to the rapidly expanding yoga marketplace. Seasons will combine wholesale equipment sales with eCommerce retail operations on our recently developed website. Products will include bulk equipment and gift items. An aggressive sales team will work to form corporate opportunities. Seasons currently has worldwide partnerships through separate business entities and maintains a detailed CRM application with prospective customers. Purpose of the Loan: This seed capital loan will assist owner Matt in managing upcoming launch. 100% of the funds will be used towards inventory building including yoga mats, blocks, bags, gift baskets and instructional media. Monthly orders to our suppliers will follow accordingly. The company is ready for full launch after 30 day lead-time delivery of branded products. Thank you for considering an investment in the success of Seasons Yoga, Inc. We look forward to a mutually beneficial arraignment with the fantastic lenders at Prosper.com |
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