Business Woman & Prosper Veteran Expanding Profitable Salon!
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Expired |
| Grade: | D | DTI: | 0% |
| Lender Rate: | 35% | Borrower: | ladyonamission |
| Finished | State: | GA | |
| Funded: | 29% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
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I am a Prosper.com veteran who paid off her first Prosper loan of $7,500 within 6 months with perfect payment history!!! I am a female entrepreneur with over 15 years of successful retail management and customer service experience . For four years, I have owned and operated a very successful, growing and profitable indoor tanning salon! I am devoted full time and 100% involved in the daily operation of my salon. My business is thriving! Gross annual sales were $210,000 in 2007. Through June 30, 2008, sales are up 20% over last year! Customer count is up 28%! I just renewed my lease for another five years. And, my nearest competitor closed this year! I have an ideal location near four major high schools in a very busy shopping center. My salon generates over $75,000 per year in free cash flow! I have Certified Public Accountant statements to substantiate my business. Purpose of Loan: I would like to borrow again from Prosper.com in the amount of $15,000. These funds would be used to upgrade two tanning beds for higher end units. This upgrade will allow me to instantly generate higher price-point revenue and further add to my brand image. I would also like to pay off a high interest credit card which was used to purchase the business. My Financial History: For two years, my income was spent on a $4,000/month mortgage for my home which was on the market. Finally, I have SOLD the house and have reduced my personal monthly expenses to only $2,151! Given the success of my business and lower expenses, I am fully capable of paying off this loan within two years. You should feel very confident in bidding on me! I paid off my first Prosper loan within six months with perfect payment history! I will gladly answer any questions or provide any data you need to bid confidently! My Financial Scenario: My credit score is 679 which is an increase of 74 points since my first Prosper loan in October 2007. I own my business free and clear and have operated it since October 2004. The salon itself has been in existence since 1999 and has a client base of over 9400! Annual Income: 75,000 (self only) Monthly expenses: Total: $2,151 Housing: $ 847 Car expenses: $ 450 Gasoline: $120 (thankfully, a short commute) Utilities: $135 Phone, cable, internet: $ 199 Food, entertainment: $ 400 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 145229 | Final Balloon Payment on Business!!! | D | $25,000 @ 23% | May 31, 2007 | Expired |
| 208181 | Debt Consolidation To Grow my Profitable Business!!! | D | $7,500 @ 23% | Sep 28, 2007 | Withdrawn |
| 209179 | Debt Consolidation of Profitable & Growing Business!!! | D | $7,500 @ 19% | Oct 01, 2007 | Cancelled |
| 214041 | Debt Consolidation of Profitable & Growing Business!!! | D | $7,500 @ 20% | Oct 10, 2007 | Loan created |
| 357108 | Business Woman & Prosper Veteran Expanding Profitable Salon! | D | $15,000 @ 35% | Jul 28, 2008 | Withdrawn |
| 378162 | Re-List! Business Woman Expanding Profitable Salon!! | D | $9,000 @ 23% | Aug 05, 2008 | Loan created |
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