Loan to fund new family owned business
| Listing Information | |||
|---|---|---|---|
| Amount: | $17,500.00 | Status: | Loan created |
| Grade: | C | DTI: | 20% |
| Lender Rate: | 27% | Borrower: | mpop76110 |
| Finished | State: | TX | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-01-12 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Jan 13, 2007 | Current |
|
To Whom It May Concern: My wife and I are starting a new company and have decided to use Prosper.com to help initially fund the start up capital we need to get off the ground. We have been working with a business analyst and have identified a market targeting athletes that can be a tremendous success with the right arrangements. This loan is going to be used for web development and start up capital purposes in the business. We reside in Fort Worth, Texas, and are very eager to find out if anyone can help us support our cause. This is my 2nd attempt and have received positive responses from lenders who would like to see more information on my use of the proceeds. Amount of Loan: $17,500.00 For Legal LLC Paperwork ,Artwork/Print/Design, Web Development Contract Payment, Marketing Collateral. Total Initial Expenses - $15,750.00 Leaving Approx $2,000.00 loan balance for incidentals/misc. This loan amount will be repaid easily within 36 months given our revenue stream and sales projections. Personal financials: Monthly Gross Income: $6,250 Subtotal Monthly Expenses ($ 4,654) Monthly Income after expenses $1,596 The DTI ratio does not take into account my wife's income which is near double my own. Best Regards and Happy Holidays! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 77822 | Start Up Capital Loan | C | $25,000 @ 29% | Dec 25, 2006 | Withdrawn |
| 78112 | Start Up Capital Loan | C | $25,000 @ 19% | Dec 26, 2006 | Withdrawn |
| 78366 | New Family Business Start Up Loan | C | $25,000 @ 25% | Dec 27, 2006 | Withdrawn |
| 274113 | Bridge loan for business expenses. Perfect payment history! | E | $11,000 @ 12% | Jan 31, 2008 | Withdrawn |
| 274497 | Bridge loan for business expenses. Perfect payment history! | E | $11,000 @ 16% | Feb 01, 2008 | Withdrawn |
| 275129 | Bridge loan for business expenses. Perfect payment history! | E | $11,000 @ 17% | Feb 02, 2008 | Expired |
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