|
I am wanting this loan for expansion to my current business. I had a loan listing before but for some reason Prosper would not allow me to count the income from my business as income. Currently I make around $60000 a year from my business and around $36000 a year from a full time job I hold. Prosper will only allow me to use the $36000 for my income so my debt to income ration seems high, but if they let me use my real income then it would be around 19%. I am a partner in a business that was all online mainly on eBay user buyandsellstuffonline until the beginning of this year and we opened a store called The Source. This location is an eBay drop of location and also a retail location for items. We are currently in negotiations to open a second location that is larger with three store fronts. We plan on just using one and renting the other storefronts. Our current annual income is around $450,000 a year and we anticipate that it will almost double once we open this next location. This loan will help get some of the equipment that we need to start the new location. Paying the loan back will be no problem since the payments are less then our daily revenue. |
