Our first listing was horrible, trying again
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Withdrawn |
| Grade: | AA | DTI: | 21% |
| Lender Rate: | 16% | Borrower: | adworld |
| Finished | State: | ME | |
| Funded: | 100% | Group: | (No Group) |
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We are relisting our loan because we thought that everyone knew about wood pellets and what they are used for, I shouldn?t ass|u|me :) We also didn?t feel we told OUR story, we know the lenders look at the numbers and decide whether to bid or not, but we decided to try Prosper because we are not just another number, we are a young couple trying to make a better life for ourselves, if we wanted to be numbers we?d go to our local bank Purpose: My wife and I are co-owners of a small pellet mill business we are opening in Maine and are in need of a few pieces of equipment, specifically a pellet mill and barrel dryer.. We have the majority of what we need just not the actual pellet mill/dryer itself.. What we do have is a hammermill, cooler, Case loader, hopper, etc. Financial: We are good candidates for this loan because.. We are purchasing tangible assets with the money, and not using it for payroll or debt... We have never been late on any payments and very responsible with credit and use it sparingly... We try not to charge anything if possible, but sometime life happens? We purchased our first house at the ages of 19 and 22 as we felt paying rent was a waste, now 27 and 30 felt that was probably one of the best decision we made. Breakdown of our personal finances? We realize it a lot of the decision is the numbers :) Combine Income $6500/mo (we are co owners so find it necessary to provide both our incomes) Combine Expenses Monthly- House $2175 Electricity $85 Cars $295 Gas $20,000 (that?s what it feels like) but really around $450 Cell/Phone/Cbl $200 Food $250 Credit Cards $50 Insurance $100 Fun $200 Stuff I forgot $150 TOTAL = $3955 Our personal income minus our expenses leaves us around $2500/mo to pay this loan back Prosper only allows 4000 characters, we kept all our personal finances on the listing but please review the link below for business info and financial breakdown. http://www.geocities.com/adworld1/pelletmill.html |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 326088 | Purchase pellet mill equipment | AA | $25,000 @ 16% | Jun 20, 2008 | Withdrawn |
| 360011 | UPDATE!! Our first listing was horrible, trying again | AA | $25,000 @ 16% | Jun 30, 2008 | Loan created |
| 382671 | UPDATE!! Our first listing was horrible, trying again | A | $25,000 @ 35% | Aug 27, 2008 | Withdrawn |
| 389576 | Crazy Wood Pellet Mill Guy.... | A | $25,000 @ 23% | Aug 28, 2008 | Expired |
| 392871 | RELIST: Crazy Wood Pellet Mill Guy.... | A | $25,000 @ 25% | Sep 06, 2008 | Loan created |
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