Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-07-10 Payments Made: 5 of 36 Total Payments: $902.36 / $5000.00

Listing Summary

  

Borrower Info
Requested Amount: $5000.00
Lender Rate: 17.45%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $179.39
 
Borrower: photocaitlin
Location: IL
Group: GradsGoodCredit
Group Fee: 0.00%

Credit Profile
Credit Grade: B Homeowner: No Account Verified: Yes Debt To Income: 0%

Extended Credit Data
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Listing Description
I am married, 28 years old, and a graduate of Columbia College Chicago with a degree in Commercial Photography and Graphic Design.   Since graduating, I have had two jobs, one at a portrait studio, and as a graphic designer for a photography lighting company. I now own my own Photography business,  in Geneva, Illinois.  Currently, my husband and I live in our own home (the loan is in his name).  He works full time as a welding/construction professional.  My goals for the short term are to move my successful business into a larger studio space in Geneva.  My business is currently making approximately $1000-2000 per month net, but I would like to at least double this amount in the next 3-6 months.  By having a new studio space, my increased visibility and ability to photograph a larger amount of clients will help to increase my profit.

Business Description: My business is a professional photography company servicing the portrait, wedding and small business client that need high end imagery.  I am a member of the PPA, WPPI and am currently advertising on several Internet sites and through printed ads.  I plan on creating a referral program for my existing clients this summer and fall, in order to increase my business, and increase my portrait/commercial studio clientele, in my new location.  The new location has a much higher visibility than my current location, and increased space.

Financial Situation

Rent:
Item                   Amount
Studio                $810/month

III Repayment Plan
If my proposed plan increases my profit by $2000, and my monthly payment is approximately $200, I will be making an additional profit of $1800 per month.