equipment replacement
Homeownership Verified

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Listing Information
Amount: $12,000.00 Status: Loan created
Grade: B DTI: 0%
Lender Rate: 20% Borrower: wiseguy6
Time Left: Finished State: NC
Funded: 100% Group: Business Owners Cooperative
Loan Information
Loan Status: Current Origination Date: 2008-05-29 EricsCC ROI: 18%
Status History
May 28, 2008 Current
Hello!
    Thank you for taking the time to review my loan. Please consider funding this loan; this is my second loan with Prosper. I have a good payment history. 
    I have had some unexpected repairs come up- computers needing to be replaced (1996)- cost $4800, and an air conditioner needing to bo replaced (1997)- cost $7200.    
    My restaurant pictured has been open since 1996 and has been successful. I managed it for 3 years prior to me buying it in 2000.
    I have patio dining for 40 people, as well as, inside dining for 100 people. I have an advantage over most other restaurants in town because of my patio. The restaurant has been established as "the grab a drink after work place, and the bring the kids and eat place." 
    The menu offers a wide variety including- appetizers, homemade soups, salads, wraps, hand-pattied burgers, other sandwiches, homemade pastas, and even a children's menu that is as broad.
    I have started doing off- premise catering, as well as hosting private parties at the restaurant on Sundays when we are closed to the public.
    I will be able to pay extra cost for the additional loan because business has been good this year despite the economy. Gas prices are increasing more and more causing people to stay in town and travel less, making them come eat with me. GREAT!!!!!!
    The catering is bringing in an additional $850 a month profit, giving me the ability to pay back the additional loan with Prosper.  The rate of growth has been really good for me with catering. I have established a lot of repeat business with pharmaceutical representatives.

    Again, please consider funding this loan; I hope to help someone like me somed day.

Thank you in advance!!!!!!!!!!!!!!
Borrower's Other Listings
6542 debt consolidation C $25,000 @ 7% Apr 19, 2006 Withdrawn
6591 debt consolidation C $25,000 @ 11% Apr 19, 2006 Withdrawn
6997 bill consolidation C $5,000 @ 13% Apr 22, 2006 Expired
11292 recovering from a failed 2nd location debt C $10,000 @ 15% May 04, 2006 Expired
14738 debt consolidation B $10,000 @ 15% May 21, 2006 Expired
17046 Debt cosolidation B $5,000 @ 14% May 31, 2006 Loan created
329811 equipment replacement B $15,000 @ 21% May 10, 2008 Expired

 

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