Pay Business Credit Card For 6 Computer Franchises
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Expired |
| Grade: | C | DTI: | 49% |
| Lender Rate: | 16% | Borrower: | Computer_Franchise_Owner |
| Finished | State: | CO | |
| Funded: | 1% | Group: | (No Group) |
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I am the owner of six computer service franchises known as Geeks On Call or 1 800 905 GEEK. I opened my first franchise in January 2004, and have steadily grown to my current six territories. I recently used a high interest credit card to buy computer and network equipment, necessary for some quick growth I experienced. I will use 100% of the funds to pay down the balance on the credit card. The monthly loan payment to Prosper will come from the profits generated by the new business. My company has been profitable since the sixth quarter, and we're now in our fifth year. Our target market is small business, home office, and residential with each franchise generating approximately $125,000 annually. The attached pictures are two of the eight PT Cruisers that my technicians use in the business. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 108578 | Buy Sixth Computer Service Franchise | B | $25,000 @ 13% | Mar 08, 2007 | Loan created |
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