p2p lending at lending club
Relist-was 100%funded... Need Salon Furniture and Signage

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Listing Information
Amount: $12,800.00 Status: Loan created
Grade: D DTI: 10,000%
Lender Rate: 24% Borrower: rebeccagradwohl
Time Left: Finished State: WA
Funded: 100% Group: Lend2's Group
Loan Information
Loan Status: Paid Origination Date: 2006-12-27 EricsCC ROI: 24%
Status History
Dec 28, 2006 Current
May 30, 2008 Payoff in progress
Jun 05, 2008 Paid
About Me:

My name is Rebecca [LAST NAME DELETED] I am a Hairstylist in University Place, WA... I have a wonderful fiance... and no children..
the only child I have is my salon.
I am the owner of salon prodigy™I have been doing hair now for 6 yrs... and just opened my own salon... needless to say business has been good.

Credit History: 
I have no real credit established other than a credit card and a home depot card... Both have very low limits and I have not requested larger..
I have only one delinquency in my entire adult life... I pay all of my bills on time...

Reason for Loan:

I need to expand my business... I have a growing clientele and I have found a marketing tool that has garnered more than 4 people a week...Myspace... you can view my myspace page at http://www.myspace.com/salonprodigy
 As you can see that is too much growth for a little girl to handle... I need to bring on three more hairstylists..

I was only going to bring on two... but in looking for stylists to rent the chairs I have found three incredible stylists that are willing to relocate to my salon.

The money will be used to add these stations and to buy Signage.. I don't have any kind of signage and so it is the next obvious step..

This need is great as of last month I have started to fall behind on my normal clientele... and I can only do so many customers a day...

Plan for Repayment:

That is the simple part... The additional rents from the furniture will yield rent at the rate of 750 a month.. a piece..

that in itself is 2250.00 a month in earnings not to mention additional product sales and walk in customers because of the new signage...

Income:    2000 apprx. net a month

Bills:        Rent: 0 (live with fiance)
               Electric: $120
               Vehicle Gas:       $150
               Car Ins: $120
               Cell phone: $100
               Food: $320
               Home phone/ Internet: $75
               Entertainment: $150
               IRA: $50
               Credit card: $50    Balance at less than $1000

Total : 1135 apprx.

Net income  after bills: 865.oo approx. and I will make all of my payments above the minimum and always on time...

Please review my prior 100 % funded listing DTI is correct and credit grade is accurate on that listing...

Any and all documentation is available upon request

Thank you for supporting a prospering small business

Rebecca
Borrower's Other Listings
67843 Money to Start a Dream.. C $6,000 @ 14% Nov 28, 2006 Withdrawn
68343 Salon Furniture And Signage Needed for newer business C $10,000 @ 13% Nov 29, 2006 Cancelled
75443 Relisting - Furniture and Signage Needed for Newer Business C $15,000 @ 19% Dec 16, 2006 Withdrawn
76502 Relist - DTI wrong - Salon furniture and Signage needed D $12,800 @ 24% Dec 19, 2006 Withdrawn
317736 2ND LOAN, AWESOME BORROWER NO RISK, CHECK PROSPER HISTORY!!! D $13,500 @ 35% May 20, 2008 Withdrawn
338067 2ND LOAN, AWESOME BORROWER NO RISK, CHECK PROSPER HISTORY!!! D $13,500 @ 24% May 23, 2008 Loan created

 

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