For marketing my home-based business

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Listing Information
Amount: $1,650.00 Status: Loan created
Grade: A DTI: 7%
Lender Rate: 9% Borrower: Richthrone
Time Left: Finished State: MS
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-08-13 EricsCC ROI: 8%
Status History
Aug 14, 2008 Current
Purpose of loan:
This loan will be used to?Market my home based e-commerce business. I plan to pay the loan back as quickly as possible by using profits from my business from my marketing efforts in as large installments as possible each month.

My financial situation:
I am a good candidate for this loan because?
  • I have an excellent credit rating (735 score)
  • I have proven faithful to make priority of loans I am responsible for to meet the required monthly payments. 
  • I own a car title to a 2005 Dodge Caravan and can use it as collateral if need be.
  • Even though my personal salary is not high at the moment, my normal expenses are not as high as typical budgets.  I only pay $332 for rent.  Other than that, I have no outstanding debt, except $314 on a credit card.
  • Also, my wife is beginning to teach violin again and has 4 students which will bring in a minimum of $300 in our budget by the end of August.
Borrower's Other Listings
373761 Marketing my home based business A $6,000 @ 10% Jul 26, 2008 Expired

 

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