Business Capital
Homeownership Verified

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Listing Information
Amount: $4,000.00 Status: Loan created
Grade: C DTI: 14%
Lender Rate: 14% Borrower: bty6768
Time Left: Finished State: AL
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2006-10-30 EricsCC ROI: 13%
Status History
Dec 05, 2006 Current
Feb 23, 2008 Payoff in progress
Mar 01, 2008 Paid
I am looking for a short term loan for business capital.  The business I started Sept 22nd is with Photomax, a division of NuSkin Enterprises of Provo, Utah.  It is listed with the better business bureau and the Direct Selling Association and is in good standing.  The division of Photomax deals with digital photography products and services in addition to the preservation of existing photographs and digitization of such photographs and archiving.
The initial start-up fee was paid 9/22 and there have been miscellaneous expenses since that I've put on credit cards.  I would prefer to have a loan to establish a reserve from which to draw on for business expenses.  According to estimates from the "Proven Formula Success Team"s goal calculator, I should begin generating income this month which should increase in volume to an estimated $900-2000 in the next six months.  This is in addition to my current income of $29,000 per year and my husband's income of $15,000 per year (this was not included in the debt to income ratio - just mine alone).
I am looking forward to using the person-to-person lending services of Prosper.com and intend to use the services in the future to help others get their dreams started too by becoming a lender when finances permit.
Thanks to those who assist others in need! 
Borrower's Other Listings
51343 Home Business - Pay off credit cards C $17,000 @ 13% Oct 21, 2006 Withdrawn
230138 Propser = Debt Consolidation Success E $9,000 @ 15% Nov 11, 2007 Withdrawn
231899 Propser = Debt Consolidation Success E $9,000 @ 25% Nov 14, 2007 Withdrawn
326641 New House Expenses C $3,000 @ 20% May 05, 2008 Withdrawn
331423 My Second Prosper Loan C $3,000 @ 18% May 12, 2008 Loan created

 

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