Buying Nissan to fix and Sell
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 23% |
| Lender Rate: | 8% | Borrower: | hard0120 |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-23 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Jun 21, 2008 | Current |
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Purpose of loan: This loan will be used to? Finance a Nissan Sentra SE-R that has some repairable body damage and has a loose piston rod that i need to repair. I already have cash to purchase the car and am buying today. Need the loan to get me through a couple weeks of working on it as my cash flow will be depleted by $3500 plus a couple thousand to fix up until sold. After sold I will use the money to buy another car and so on until the Prosper loan is paid off. My financial situation: I am a good candidate for this loan because?I work 2 jobs. 1 in the morning as a driver, and the other as a mechanic in a shop and small dealership. I just purchased this shop from a mechanic who is moving. He had over $407,000 in sales and my sales should be about the same as his in the coming year, doing the same things. Most of that sales comes from buying cars and selling them in the dealership. Some also from doing mechanical work on mainly German cars like BMW, Mercedez, Volvo, Audi, Volkswagen and others. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 328239 | AQUIRING AUTOMOTIVE SHOP AND DEALERSHIP | A | $25,000 @ 18% | May 07, 2008 | Expired |
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