Expand service-based record company internationally

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Listing Information
Amount: $25,000.00 Status: Loan created
Grade: A DTI: 34%
Lender Rate: 20% Borrower: michael1971
Time Left: Finished State: CA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Default Origination Date: 2008-06-30 EricsCC ROI: -30%
Status History
Jun 28, 2008 Current
Jul 16, 2009 Late
Jul 31, 2009 1 month late
Aug 25, 2009 Current
Nov 14, 2009 Late
Dec 02, 2009 1 month late
Dec 31, 2009 2 months late
Jan 31, 2010 3 months late
Mar 01, 2010 4+ months late
Mar 10, 2010 Default

Purpose of loan:
This loan will be used to develop customized software & fortify our infrastructure to allow our service-based record company, ArtiSans Label (artists without a label) to expand into international markets to grow our business and side-step the looming economic troubles in the U.S. Money will be used to create ArtiSans Label Express...a fun, interactive online experience for independent musicians worldwide to custom-create their own vision of a hard-working record company and release their music worldwide without giving up a single percentage of copyright ownership, artistic integrity, or career control.

My financial situation:
I am a good candidate for this loan because there are 5.4 million independent artists worldwide (MySpace, 2007) releasing music in one form or another. More than 99% need an alternative method to release music other than a traditional record label. After 2 years of start-up (maintaining a 705-730 credit score) to create a trustworthy company to improve the business & work ethics of the traditional music industry, our market research & word-of-mouth clientele have blown away all our early projections. Without a single dime spent on a marketing or advertising campaign, interest in this "reinvented record label" has overwhelmed our staff. Working with companies such as iTunes and Amazon.com,  this money will be used to build up our infrastructure & create software to handle the demand, and commence with a marketing campaign confident that we can diligently service the demand. An example of our packages can be viewed at this link (10Mb, slow download): ArtiSans Label Sample Package


1% of the market share = $20 million profit under our business model. Can you help us get there?

Borrower's Other Listings
353101 Expand service-based record company internationally A $25,000 @ 24% Jun 19, 2008 Withdrawn

 

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