Expanding business
Homeownership Verified

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Listing Information
Amount: $25,000.00 Status: Loan created
Grade: A DTI: 10,000%
Lender Rate: 16% Borrower: msprosper
Time Left: Finished State: GA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Default Origination Date: 2007-02-13 EricsCC ROI: -43%
Status History
Feb 15, 2007 Current
Jan 01, 2008 Late
Jan 14, 2008 1 month late
Feb 14, 2008 2 months late
Mar 17, 2008 3 months late
Apr 14, 2008 4+ months late
Oct 03, 2008 Default

My husband and I started a Mobile Billboard business in , the 9th largest advertising market in the .  We took delivery of our first truck the beginning of January 2007.  Already we have three advertisers on the truck and have made proposals to other companies totaling $220,000 in annual revenue. 

Our first truck took 6 months to be delivered.  We anticipate 4-6 months for delivery on the second.  We are requesting this loan to be able to order our second truck now.  Others we know in smaller markets like have three or more trucks and are keeping advertising space at near capacity.   We?re planning ahead so as not to lose the momentum we?re building now. 

My husband?s prosper loan request was funded and was used to help start the business.  Mine will be used to add an additional truck.  We feel this method of funding our business to be preferable over other more traditional ways of including investors who want ownership.

As I mentioned in my profile I have worked as a licensed Physical Therapist however, I am presently not employed because we choose to home school my daughter.  That is the reason for the high DTI.  The business has the revenues to pay this loan.  My husband and I have never been late on a payment for well over 20 plus years. 

Thank you for your consideration.

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