New Home-Business Owners Only Lending Group
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 10% |
| Lender Rate: | 14% | Borrower: | therocgroup |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-17 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Jun 17, 2008 | Current |
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Purpose of loan: We are affiliates of SFI Marketing Group! We started business in November 2006 and have been having tremendous success. As of today, we have nearly 14,000 affiliate marketers on our international team. Up to this date, we have not taken any income from our SFI affiliate account, and have accumulated nearly the loan amount that we are requesting. The Roc Group, our company, recently started a new Prosper invitation only goup called Home-Business Entrepreneurs Only Lending Group. First of all, as the moderator of this group, we want to set the example for new group members by having an open loan funded through Prosper to gain credibility. (Moderators can not borrow from their own group, they can only lend.) Please visit our group's splash page for gathering new members: www.15months.biz . Although our team has affiliates in 135 countries, SFI Marketing Group conducts business 205 countries so we have a tremendous opportunity for international expansion, 100%.over the internet. Secondly, we have over 2800 US affiliates on our team whom we will initially invite to join our Prosper group, and also promote the group through an online advertising campaign. Third, we will use a portion of the proceeds from this loan to support our international affiliates, who can not participate in Prosper loans, and to help fund $50.00 loans for our group members. Although we are still part-time in this business, it has been by design. Until now we have had no need for any type of financing. We have built our business using our credit cards, savings and the income from our jobs. My financial situation: Fourthly, I am a good candidate for this loan because?my wife and I work together and we have a good income.compared to our outstanding debts. We are not homeowners, because we decided when we met 5 years ago we agreed that we needed to "catch up" being that we were both divorced, and looking at retirement. We felt the only way to do it was to live simply for a few years, and invest our money in a solidly growing, long standing business opportunity. With this loan, we will be able grow our Prosper group from a standpoint of strength with credibility, thus expanding our SFI business as we continue to grow internationally. As a result, our solid future income prospects for growth is on auto-pilot. Finally, this will be totally extra business-building revenue since we will both maintain our "day jobs"! Monthly net income: $ 6500.00 (combined jobs) Monthly expenses: $ Housing: $ 850 Insurance: $ 123 Car expenses: $ 127 Utilities: $ 144 Phone, cable, internet: $ 237 Food, entertainment: $ 800 Clothing, household expenses $ 200 Credit cards and other loans: $ 550 Other expenses: $ 1200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 328073 | Our Business Is Booming! | C | $7,500 @ 20% | May 07, 2008 | Expired |
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