Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-05-20 Payments Made: 7 of 36 Total Payments: $2292.20 / $9500.00

Listing Summary

  

Borrower Info
Requested Amount: $9500.00
Lender Rate: 14.24%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $325.80
 
Borrower: scharlie9
Location: NY
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: AA Homeowner: Yes Account Verified: Yes Debt To Income: 0%

Extended Credit Data
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Listing Description
Purpose of loan:
This loan will be used to finance equipment purchases for my rapidly expanding consulting business.  My firm (Sub S Corporation) opened in 1994 and assists the financial services industry in applying the latest technological advancements to information management needs.  To meet the needs of my rapidly expanding client base, I have had to ramp up my number of employees.  This loan covers the cost of high level computers, software and networking equuipment for these new employees. 

My financial situation:
I am a good candidate for this loan because I have been in business for more than 14 years.  I have established credit with various vendors over the years in my role as president of my Sub S Corporation.  I have excellent credit with each of these vendors.  My rapidly expanding firm had gross sales of $400k last year and I expect this amount to more than double over the next two years given the impact of my newly expanding client base.