Starting Web Business

| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 15% |
| Lender Rate: | 11% | Borrower: | tony1616 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | AA Superior Funding |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-08 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Sep 06, 2008 | Current |
|
Purpose of Loan:The capital from this loan will be used to fund the design,
development, launch, and marketing expenses of my website business,
Finavigation.com. Finavigation will be a
website that automates the functions of personal financial planning, allowing
those who are in need of financial planning services to plan their finances
themselves. The site will target
primarily people who either cannot afford traditional financial planning
services, are too intimidated or overwhelmed to have someone else professionally
evaluate their finances, or would simply rather do it themselves. My Financial Situation:I will be working on this website part-time and plan to keep
my regular job. My net income after
expenses will be enough to cover the loan payments. The website will also be able to generate ad
revenues from the time it launches, which should eventually grow to be enough
to pay this loan off by themselves. I
have excellent credit, have never had any late payments, and I have even taken
out a previous loan on Prosper and not only paid it back in full, but paid it
back early. Thank you for viewing my
listing and for your potential bids. Salary $3,300 Housing $800 Utilities $160 Car Payment $0 Insurance $75 Gas $100 Transportation $120 Cable/Internet $200 Food/Entertainment $300 Other $200 Total Expenses $1,955 Net Income $1,345 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 5159 | Re-Lending and Investments | AA | $5,000 @ 8% | Apr 05, 2006 | Expired |
| 6241 | Pay Down Adj Rate Line of Credit | AA | $5,100 @ 8% | Apr 16, 2006 | Loan created |
|
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