Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-05-29 Payments Made: 6 of 36 Total Payments: $3621.39 / $13500.00

Listing Summary

  

Borrower Info
Requested Amount: $13500.00
Lender Rate: 23.99%
Automatic Funding: Yes
Percent Funded: 100%
Monthly Payment: $529.57
 
Borrower: rebeccagradwohl
Location: WA
Group: Lend2
Group Fee: 0.00%

Credit Profile
Credit Grade: D Homeowner: No Account Verified: Yes Debt To Income: 47%

Extended Credit Data
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Listing Description
About Me:

My name is Rebecca 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 pay all of my bills on time... I have paid down almost all of my debt, I owe less than 400.00 on paypal credit (salon waiting area seating) and 11000 left on a car loan. that is all of my credit debt!!! I have worked hard to ensure that all of my credit debt has been paid in full!!!

Reason for Loan:

I need to expand my business... I took out a loan last year to add new stylists, I have 3 new stylists now and it did add a lot of revenue to the salon, (apprx. 4k net profit a month in our salon)

The money will be used to add these 4 new hair stations a massage room, an esthetics room and nail services. We have saved 15000 dollars in cash to do this expansion, it will cost me around 22k to 25k to complete the expansion.

This need is great as most of our clients utilize these additional services at other business, I would like to capture as much return per client as possible.
Plan for Repayment:
I HAVE NEVER MISSED A PAYMENT ON ANY LOAN, NEVER BEEN LATE PAYING PROSPER LOAN, THIS IS RISK FREE, MAY AS WELL HAVE AA CREDIT RATING AS FAR AS RISK FACTOR GOES, personally have 3k invested in prosper as a lender, I will pay back this loan!!!
That is the simple part...  Without the additional staff added I have more than enough money left over to pay this loan off. The additional rents from the furniture will yield rent at the rate of 700 a month.. a piece..

that in itself is 4200.00 a month in earnings not to mention additional product sales and walk in customers because of the new services

Income:    3000 apprx. net a month

Bills:        Rent: 0 (live with fiance)
               Electric: $210
               Vehicle Gas:       $175
               Car Ins: $155
               Cell phone: $85
               Food: $450
               Home phone/ Internet: $75
               Entertainment: $150
               IRA: $50
               car loan: $300    (Balance at less than $11000 car woth 22k low blue book value)

Total : 1700apprx.

Net income  1300. and I will make all of my payments above the minimum and always on time...

THIS IS SECOND PROSPER LOAN, ORIGINAL LOAN PAYMENT NEVER MISSED,
Thank you for supporting a prospering small business

Rebecca