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Expanding Business

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Listing Information
Amount: $15,000.00 Status: Expired
Grade: C DTI: 0%
Lender Rate: 20% Borrower: hhurt
Time Left: Finished State: NH
Funded: 1% Group: KING FINANCIAL GROUP///100% CASH FLOW SOLUTIONS FOR YOU

Purpose of loan:
The loan will be used for further development of my Technology Consulting Firm. I have already spent more than $15,000 on upgrade costs to push the firm into its next phase of life. The firm employs 3 consultants and we are now growing our direct hire services, which is more lucrative.  The funds requested in this loan would be used for internet search tools and additional software to help us find people to fill our client's needs faster!  We have more work than we could have ever asked for!

My financial situation:
I work on a contract basis for various companies from time to time throughout the year and mainly spend my time running the consulting firm. I have a long credit history and have always paid my bills on time.  Including my last Prosper loan!

Monthly income: $6,893 for current consultants
Additional annual income for direct hire placements: $90,000
Current working on business opportunities worth $485,000


Monthly expenses: $ 2,647
Primary Housing: $770
Car & Insurance: $450
Utilities: $200
Phone, cable, internet: $200
Credit cards and other loans: $700
Consulting firm expenses: $327

Thank you for your consideration!

Borrower's Other Listings
140925 Replacing a Lawn Mower C $2,000 @ 8% May 21, 2007 Withdrawn
143436 Replacing Lawn Mower C $1,000 @ 7% May 27, 2007 Expired
162579 Replacing Lawn Mower C $2,000 @ 8% Jul 03, 2007 Expired
176247 Start Up Funding For New Business C $5,000 @ 8% Jul 26, 2007 Expired
218912 Expanding Business C $11,000 @ 20% Oct 21, 2007 Loan created

 

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