Business expansion and debt consolidation
Homeownership Verified

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: C DTI: 27%
Lender Rate: 16% Borrower: R6Software
Time Left: Finished State: MI
Funded: 100% Group: KoyneLoans
Loan Information
Loan Status: Current Origination Date: 2006-11-01 EricsCC ROI: 12%
Status History
Nov 06, 2006 Current

* Relist *  Thank you to everyone that bid on our previous listing. 

Greetings,

We are Chris and Jessica [LAST NAME DELETED] owners of R6 Software, LLC (www.r6software.com) and proud parents to one very lively little boy.  Chris has over ten years of systems support, networking, and programming experience and I have over ten years in the customer service industry, six of which have been in managerial roles.  We are asking for a loan to serve two purposes that will help us and our business reach the goals we have set.

1)            We are looking to pay off two high interest rate credit cards with payments totaling $300 a month.  This plus the fact that we just paid off one of our cars will free up over $750 a month that will go towards our Prosper payment.  We currently earn $3,800 a month and have cash flow of about $200 after all bills and living expenses.   The credit rating and DTI is based on my personal income and does not reflect my husband?s income.  He doesn't currently have any outstanding debt.)

2)            Currently we see an increased need for quality small business technology support in.  We would like to use the balance of this loan to help start a new business that will serve the surrounding business and home user community with quality support.  We plan to maintain our current fulltime employment until we have enough consistent and renewable income to support ourselves fulltime. 

With our strong contacts within the business community we know and expect the new consulting company to bring in $3,000 a month in revenue within five months.  R6 Software is expected to make $1,000 a month within four months.  If you would like further information on our businesses please feel free to contact me.  We are very passionate about our ideas and love to discuss them.

In closing, while I may have had some blemishes on my credit history in the past, I have worked hard to resolve all of them since moving to Michigan.  I have taken money management courses that have helped me improve the way I handle money.  Thank you for reviewing our listing and we look forward to providing you a great investment opportunity. 

Best Regards,

Jessica and Chris [LAST NAME DELETED]

 
Borrower's Other Listings
46457 Buisness Expansion and Debt Consolidation C $20,000 @ 24% Oct 09, 2006 Withdrawn
46487 Business expansion and debt consolidation C $20,000 @ 22% Oct 09, 2006 Expired

 

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