Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-07-08 Payments Made: 5 of 36 Total Payments: $2455.91 / $15000.00

Listing Summary

  

Borrower Info
Requested Amount: $15000.00
Lender Rate: 10.60%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $488.24
 
Borrower: KFGuy
Location: OR
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 invest in my brother's fabrication and powder coating business.  It will be used to help offset the advertising costs to promote the expansion of our powder coating operations into new market areas.  Specifically, these costs will include web site enhancement, radio spots, and written media expenses.
My financial situation:
I am a good candidate for this loan because I just sold my house and moved to Oregon.  I used the sale to pay off all current debt as of mid-Jun 2008.  My current income I reported is based on my retired military pay, which is guaranteed, regardless of any other factors.  I will soon be earning a salary from the company.  My current living expenses are low, since I am living with family.  Therefore, I am able to easily make loan payments on this proposed loan.

Monthly expenses:  Mortgage/rent=$0
                              Credit Cards/loans=$0 (paid it all off with sale of house in Jun 08)
                              Car Insurance=$265/mo
                              Health/Dental Insurance=$140/mo
                              Life Insurance=$50
                              Living Expenses~$200