CrossFit Affiliate (gym)
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 9% | Borrower: | majestic-note |
| Finished | State: | CT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2010-07-27 | EricsCC ROI: | 5% |
| Status History | |
|---|---|
| Jul 28, 2010 | Current |
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Purpose of loan: This loan will be used to provide additional start up funding for a CrossFit gym. My financial situation: I am a good candidate for this loan because I believe in the Prosper (peer to peer) model, and have recently started an investment account with Prosper. My credit score is above 800, and I've had no collections or delinquencies ever. My bills are paid on time, every time. The purpose of this loan is to assist with start up capital for my CrossFit affiliate. To date, I have personally invested approximately $6k into start-up costs. CrossFit is an exercise program of constantly varied, functional movements, executed at a high intensity. Despite my high credit scores, I am willing to take a loan a higher interest rate. Following growth of other CrossFit affiliates within 25 miles of my proposed location, I anticipate my affiliate being self-sufficient within 8-12 months. Monthly rental/utility expenses will be $1800, and the monthly membership rate is $150. At 20 members I will cover rent, utilities, loan payments, and still have additional funds. It is anticipated that the gym will open with 5-15 members. Proposed start date is September 1, 2010. The location I have leased is on a main road with plenty of traffic, and the median household income of the town it's located in is $69,637. I welcome any questions regarding this loan, and in advance, thank those that choose to invest. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 464921 | CrossFit gym start up funding | AA | $20,000 @ 10% | Jul 07, 2010 | Expired |
| 466475 | CrossFit Affiliate (gym) | AA | $20,000 @ 24% | Jul 14, 2010 | Withdrawn |
| 553984 | CrossFit Affiliate Equipment Purcha | A | $5,000 @ 9% | Jan 24, 2012 | Cancelled |
| 554057 | CrossFit Affiliate Equipment Purcha | A | $5,000 @ 9% | Jan 25, 2012 | Loan created |
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