Listing Profile Bid History Loan History
lendingclub ad

Listing Title


Loan Information
Loan Status: Paid Origination Date: 2006-08-21 Payments Made: 24 of 36 Total Payments: $25177.80 / $25000.00

Listing Summary

  

Borrower Info
Requested Amount: $25000.00
Lender Rate: 28.50%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $1047.64
 
Borrower: MBALandscaper
Location: GA
Group: KoyneLoans
Group Fee: 0.50%

Credit Profile
Credit Grade: C Homeowner: Yes Account Verified: Yes Debt To Income: 27%

Extended Credit Data
Extended Credit Data is viewable by registered users only. Please login or register now.

Listing Description

Professional Landscaping company experiencing high growth.  We have three large contracts totaling $800,000 that will be starting shortly.  We need the additional funding to mobilize and get ready to start the work.  Once the jobs are started we can contract bill on a weekly basis.  The company we purchased went from 35 employees and roughly $2.0 Million in sales to 65 employees and $4.5 Million annual in 2006.  This loan will help us smooth out this additional growth spurt.