Listing Profile Bid History Loan History

Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-10-09 Payments Made: 2 of 36 Total Payments: $1490.61 / $20000.00

Listing Summary

  

Borrower Info
Requested Amount: $20000.00
Lender Rate: 20.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $743.27
 
Borrower: generosity-transformer
Location: PA
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: A Homeowner: Yes Account Verified: Yes Debt To Income: 23%

Extended Credit Data
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Listing Description
Purpose of loan:
I have been selling photographic product on eBay and my own web site for 4 years and started small but I am now averaging $25,000 a month in sales and I have out striped my means. I need to add additonal product lines and inventory for the holiday selling season and I need financial assistance.

I have 25 years of sales, marketing, and retail photographic experience. I have carefull chosen my product mix to date to only item which will turn a better than 30% gross profit. Since I work from my home, my overhead and expenses are very low.

I can repay my note with either weekly or monthly disbursements. The new products lines I am looking to add are both popular and profitable. I therefore, believe that the additional revenue will more than cover the additional expenses of loan plus interest.

My financial situation:
To date, my business has been very profitable. I was able to generate an additional income last year in excess of $20,000. In addition, I have a full time job that pays well and permits me to isolate my business income from my household income and expenses. My credit is good and I pay my bills on time.