inventory needed to start business

Purpose of loan:
This loan will be used to? Start the purchasing needed to have inventory on hand to sell to my existing customers.? I already have a building for storage.

My financial situation:
I am a good candidate for this loan because?I always pay on time and have a good credit history

Finish Riding Arena to allow move

Purpose of loan:
Over 18 months ago my wife and I started a horse barn (her childhood dream).? As we were not sure of the market in the area and had no client base, we decided to rent a facility close to our residence.? Fairy Tale Farm (www.fairytalehorsefarm.com) was born.? Our business has grown much faster than we ever expected and we soon found ourselves looking to expand.? We brought in a full time barn manager who has a degree in equine management, to allow my wife and I to focus on the business side of things and growing the business.? 2 months ago we closed on our dream house that sits on just under 30 acres, about 7 mile from our current facility.? There is a small barn on the property with stalls, and a large but unfinished riding arena.? We desperately need to move to the new facility to allow for a better economy of scale, save on transportation time and costs, as well as have the larger capacity we need.? We have discussed this move with our current clients and will have 100% retention of our current boarders as well as 2 new boarders when we have room. This loan will allow us to finish the arena by buying the footing, and lighting needed to make it functional.

My financial situation:

Our business is booming and we can meet the obligation at our current location, both my wife and I work full time jobs as well.? With buying the house it is hard to get a home equity loan on the facility right now, and our business is under 2 years old, so we do not meet current standard financing regulations.

Q: Can you elaborate more on your Revolving credit balance of $57k, what your net income is from the business and any other net income if not from the business, and also lay out all of your expenses both personal and business related. Thanks - nfx

A: We just purchased our home, which is why we are unable to secure funding through a home equity loan. Our home mortgage is 265k with an appraised value of 293k (current regulations do not allow home equity loans above purchase price). There is an apartment on the property, above a detached garage (much nicer than it sounds) that we are renting out to our trainer at 600 a month. Revolving debt is paid down currently on a schedule from operating cash, which will increase after the move. (Dec-18-2010)

Q: Do you have any emergency funds available?? Just in case of an emergency! - gpuck

A: We have an 8k line of credit available from a local credit union. We do not want to use that line for this improvement though as we then would have no fallback funds. (Dec-20-2010)

Q: Hello there! Please summarize your income and expenses. - BOYFROMVEGAS

A: Income is generated from three primary sources. The business model is for the boarders to pay for the upkeep of the facility, the supplies, and the mortgage/rent. This is for the most part been true, other than the first two months of operation. The lessons offered by my wife and our cut of our trainers lessons provides most of the normal income above costs, while the buying, training, and selling of off the track thoroughbreds provides nice jumps to income (though not dependable) (Dec-21-2010)

Q: Can you please provide: 1. The total mortgage balance (including 2nd/heloc) on you home 2. The market value of your home (use zillow.com if unsure) - kindness-launcher

A: The mortgage balance is 265k on a appraised value of 293k. There were two appraisals done in October, one for 293k, the other for 297k. (Dec-21-2010)

Cutting up the Cards!!!

Hi All,

I'am a great candidate because I payout $ 800 a month on credit cards & loans and if I get this loan I can
pay off all my existing debt and drop my payment to $ 135 a month which, I can easily do.

My job status is excellent, I've never been laid off and I just got promoted to Operations Manager 4 months ago.
My Prosper rating is HR because of useage on all of my debt, I pay all my cards on time with no delinquent marks on my credit history.

Total Income: $ 4,856.21

Total Expenses:

Mortgage:1229.21
Vehicle Loan: $575
Vehicle Insurance: $ 153
Utilities: $ 260
TV, Phone, Internet: $189
Groceries & entertainment: $ 675

Q: Can you please provide: 1. The total mortgage balance (including 2nd/heloc) on you home 2. The market value of your home (use zillow.com if unsure) - kindness-launcher

A: I owe 177,000 & I don't have a heloc or a 2nd. (Dec-20-2010)

Q: How did you build up this credit card debt? Thanks and best wishes. - reflective-rupee

A: Hi, I built it up when my wife lost her job, and some medical bills. (Dec-23-2010)

Q: Your description says, "if I get this loan I can pay off all my existing debt," but you have $12,725 in revolving debt plus a car loan with a $575/mo payment. What debt will be repaid with this loan, and how will the 35% rate improve your situation? - platinum-scientist9

A: Hi, This is for my credit card debt, and the rest of my revolving debt is soon to be paid off by my tax return and some money saved. My vehicle loan will be paid when the terms are up....thanks for your interest... (Dec-23-2010)

Q: Does you wife have a new job now? Thanks. - reflective-rupee

A: Yes, she works part time as a office assistant for a construction company and then she spends the rest of her time caring for our 2 year old child. (Dec-23-2010)

Broadband equipment for new orders

Purpose of loan:
This loan will be used to purchase Wireless Broadband equipment, which will immediately be put in service, to fulfill pending new broadband subscriber?orders.? Subscriber orders are term contracts that generate reoccurring monthly revenue.?Clientele are anchor institutions.

My financial situation:
I am a good candidate for this loan because? I have been in business for 10 years, and am respected in the industry as a leading provider of broadband service to my area.? My company is debt-free, and I own its tri-state network in full.?This is a risk-free transaction because a method of repayment has already been locked down for this transaction.?

Subscriber: A?major hotel.
Monthly?subscriber contract revenue: $ 2000/month, 1 yr term, renewable.
Monthly expenses -?Estimated Prosper loan: $300 /month, 3 yr term.
Monthly profit/income: $1700 /month.?

Q: If your business is debt-free, what is the revolving credit balance in relation to? - orange-impartial-asset

A: By debt-free, I mean the revolving debt on my personal CCs is insignificant compared to the scaled investment that was required to build my Business's tri-state broadband network, which was in the millions to date, and paid off. I look at $15k as petty cash. The CC balance is misleading because Credit Bureaus take months to remove balances, but only days to record purchases. I use CC for cash flow such as misc pre-pay monthly equip orders. At $1500-$7500 per radio, $15k doesn't go far. (Dec-20-2010)

just purchased home and need improv

Purpose of loan:
This loan will be used to?
I have just finished a roofing project and need to do the gutters in order to complete that improvement
My financial situation:
I am a good candidate for this loan because?I have been on my present employment for almost 10 years and this is not only my first home but my retirement home. I have about 15 years to complete the home remodeling so I am doing only sections at a time using small loans and savings. ?

Monthly net income: $ 3000, to increase yeraly with step increases of 4% and cost of living increases of 1 to 2 %

Monthly expenses: $ my net ration with this loan is still below 33% with all monthly cost accounted for.
??Housing: $
??Insurance: $
??Car expenses: $
??Utilities: $
??Phone, cable, internet: $
??Food, entertainment: $
??Clothing, household expenses $
??Credit cards and other loans: $
??Other expenses: $

Consolidating smaller bills

Purpose of loan:
This loan will be used to??Pay off medical bills and a legal bill

My financial situation:
I am a good candidate for this loan because? I have had two prior Prosper loans and have never been late on any payments. I would prefer to pay off the medical and legal?bills and pay interest with a loan then to not be able to pay them in full and risk them going into collection.

My employment above shows that I have been employed for four months with my current employer which is current however prior to taking this position I was employed?with another company in the same field for 9 and 1/2 years.

Monthly net income: $ 3333

Monthly expenses: $
??Housing: $ 420
??Insurance: $ 75
??Car expenses: $ 385
??Utilities: $?125
??Phone, cable, internet: $ 35
??Food, entertainment: $ 200
??Clothing, household expenses $
??Credit cards and other loans: $?585
??Other expenses: $

Car Repairs and Credit Card Payoff

Purpose of loan:
This loan will be used to payoff credit card balances, to help with car repairs,?and?for?general expenses.

My financial situation:
I am a good candidate for this loan because I am responsible and will pay it back. My history with Prosper is great. I've had one loan outstanding for over 2 years and have not missed a payment. I currently reside with family which is why my monthly expenses are low.? $400 per month inlcudes rent and utilities.

Monthly net income: $ 2,900

Monthly expenses: $ 897
??Housing: $ 400
??Insurance: $
??Car expenses: $ 50
??Utilities: $
??Phone, cable, internet: $ 45
??Food, entertainment: $ 300
??Clothing, household expenses $
??Credit cards and other loans: $ 102
??Other expenses: $

Q: Your D credit is a concern, but I am bidding on YOU. I think you deserve a chance! All I ask is that you make sure this prosper loan gets paid. I am NOT a bank, I am a REAL person putting faith in you, So please don?t let me down! - I-Believe-In-You

A: Thank you! (Dec-20-2010)

Paying off credit cards

Purpose of loan:
This loan will be used to pay off high interest credit cards.

My financial situation:
I am a good candidate for this loan because I don't make late payments (even after I was laid off in 2009), I am financially responsible and I'm in the process of getting my own business off the ground.? I also have investments (i.e. mutual funds, IRA, bond funds) valued around $25,000.

Monthly net income: $ ~1,800 & ~2,250

Monthly expenses: $
??Housing: $ 1,525
??Insurance: $ 67
??Car expenses: $
??Utilities: $
??Phone, cable, internet: $
??Food, entertainment: $
??Clothing, household expenses $
??Credit cards and other loans: $ ~950 for credit cards
??Other expenses: $

Q: Can you please provide: 1. The total mortgage balance (including 2nd/heloc) on you home 2. The market value of your home (use zillow.com if unsure) - kindness-launcher

A: 1. The balance of the mortgage is $203,414. There is no second mortgage or heloc. 2. Market value ranges from $210,000 - $214,000. Purchased new in 10/2007 at $267,000 with a 21% down payment. As you already know, housing prices have declined heavily since 2008. (Dec-20-2010)

Q: Are your mutual and bond funds in tax-deferred accounts,or are they liquid? If they're liquid, do you expect to get better than 29.50% return on them? (That's incredibly optimistic.) How does this loan improve your overall financial situation? - platinum-scientist9

A: That is very good question. Roughly 62% of the investments are in tax-deferred accounts. The liquid amount is showing a better return versus the payments being made and rates on the revolving credit accounts. This loan will allow me to pay down the high interest account(s) and free up cash (i.e. difference of monthly credit card payments vs. fixed installment payments). It will also help move my credit score from good and back to excellent by reducing balance to available credit ratios. (Dec-22-2010)

Q: What are the interest rates on the credit cards you will be paying off? Please confirm they are higher than the 29.2% you will be paying for this loan. - mammalian4

A: None of the individual accounts have an interest rate higher than 24.99%; however, the aggregate amount paid each month is much higher than the fixed amount of the installment payments. The respective payments decrease the balances, but don't make a "dent" due to the principle of compounding interest on a revolving balance. (Dec-22-2010)

Paying off credit cards

Purpose of loan:
I am paying off credit cards that I aquired in a divorce.? It is my goal to pay off these debt and be debt free in 3 years - the lower interest rate at prosper will help.

My financial situation:
I am a good candidate for this loan because I have?steady job where a bad credit report may hurt my employment.?? I have completed my divorce, so I have paid all the legal fees and am ready to move ahead in mylife.? I have no past due accounts - and try to keep all of them in good standing.

Confidential Loan to make a payoff

Purpose of loan:
This loan will be used to??? Pay off a confidential debt?with a verified consumer on credit bureau.? These funds were taken from this bank and I would like to have the funds replaced and become established here at Prosper so in the future I can build my rating and borow money at a lter date for a livestock venture.



My financial situation:
I am a good candidate for this loan because? My credit rating is great and I pay all payments on time and never been late on anything in over 10 years as you can see on bureau.??So whomever takes the investment on my loan can be secure and even though it will be setup for 3 years I have all intentions of possibly paying off quickly.? You will later see that I obtained this loan
and I was legitimate about what I said and would have been comfortable investing in this.? We all get in some tight spots and I just need to pay off this lender and this will also get a chance to be establshed here. I can verify the lender and the amount. I can obtain credit at other places but this is to set me up for a confidential startup venture in the future?of livestock. I just want to get this paid off before I?go further and do it discreetly. I been on the job for 10 years and am in great standing financially....I just need some discreet funds, that is my entire purpose.


Monthly net income: $ 1900.00

Q: Can you please provide: 1. The total mortgage balance (including 2nd/heloc) on you home 2. The market value of your home (use zillow.com if unsure) - kindness-launcher

A: I do not have a home mortgage. I Live on a family farm, own my land and own a mobile home on this farm. My financial and credit is in great standing and I am working toward planning toward building a home as we speak. This loan request is merely to replace funds that I used from an account that needs to replaced ASAP before holidays. Trust me this will be the most secure investment you make cause I am only fixing a mistake and want to establish here for further ventures. (Dec-21-2010)

Making a house a home

Purpose of loan:
This loan will be used to? restore and remodel a home I purchased in the spring of this year.? It is in dire need of electric upgrading and repair/cosmetic work on the exterior.

My financial situation:
I am a good candidate for this loan because? I have a long history of good to excellent credit.? With the exception of this past year I have always been employed steadily with only minimal gaps in employment.? The loan purpose of repairing the home will only increase the home's value.? The home has no mortgae on it at the present time.

Q: Please your monthly Net income and all your monthly expenses in order a bidder may make a more informed bid. good luck... - jpblan11

A: Monthly net income is $1750.00. Monthly expenses are as follows: No mortgage payment, No car loan, credit card debt of approximately $4,000.00 with monthly payments of $150.00, utility expenses of $100.00 monthly, TV, computer, and cell phone expense of $150.00 monthly. (Dec-21-2010)

paying off my credit cards

Purpose of loan:
This loan will be used to? lower interest rate on outstanding credit card accounts

My financial situation:
I am a good candidate for this loan because? I have demonstrated my ability to pay my debts on time every time.