New equipment for busuness

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Listing Information
Amount: $3,500.00 Status: Loan created
Grade: D DTI: 37%
Lender Rate: 22% Borrower: smitti52
Time Left: Finished State: MO
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-07-31 EricsCC ROI: 20%
Status History
Jul 31, 2008 Current
Purpose of loan:
I am 53 years old and worked for Commonwealth Edison/Exelon Nuclear in Illinois before taking a buy-out in 2002 and moving to Missouri to be near my children and grandchildren. I currently work for Bartlett Nuclear supporting nuclear power plants during outages. I am also a partner with my son and own a small own pizza and sub shop in Otterville Mo. called Pizza Express Sub Station. My son runs the place, and I use it for a tax write off. We have been in business over 5 years and need to purchase some new equipment.

My financial situation:
I pay my bills on time, and the restaurant has no outstanding debt. We pay all our creditors when we recieve goods and charge nothing. I have had a Prosper loan for a year now and have never been late on  a payment

Monthly net income: $ 6,500
Monthly expenses: $
  Housing: $ 700
  Insurance: $ 150
  Car expenses: $ 1200
  Utilities: $ 180
  Phone, cable, internet: $ 170
  Food, entertainment: $ 700
  Clothing, household expenses $ 250
  Credit cards and other loans: $ 700
  Other expenses: $ 300
Borrower's Other Listings
166840 Buying a lawn tractor and going on trip C $6,500 @ 18% Jul 10, 2007 Loan created
367060 Pay off current Prosper loan and credit card debt D $10,000 @ 35% Jul 14, 2008 Withdrawn

 

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