Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

Start up loan


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 12-09-2008, 03:32 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,495
Rep Power: 10
Steve has disabled reputation
Default Start up loan

I was looking on the prosper.com site and saw this person who was looking to raise money for their holiday lighting business.

Quote:
This is actually a relisting. A family friend has decided to loan me some of the money needed, but still need a little more to get things going. This is for a holiday lighting business to pay a start up business package and get supplies to begin. I will actually still keep my job which will give me more than enough money to pay for the loan each month. Thanks for taking the time to consider this loan.
http://www.prosper.com/lend/listing....stingID=205139

They wanted to raise $2,000.00 @ 12.25%

What do you think of this? Would you have lent some money to this person and business?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 12-09-2008, 04:04 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,495
Rep Power: 10
Steve has disabled reputation
Default

Lawn care business tipsLawn Care Business Book
I found another business that I thought was creative. Good for this guy.

Quote:
I want to expand my photography business by adding a new selling technique. Currently, I attend sporting events and put the photos on a web site for patrons to visit and purchase. For larger events, tournaments, etc., I want to have the equipment at the games to print out contact sheets of the photos customers can order them immediately. I have a solid client base within my county, but teams from further away don't buy much; I think mostly because they don't realize what I do. I believe this is a way to get my business recognized by visiting teams and families much better.
http://www.prosper.com/lend/listing....stingID=351956

I love the creativity I am seeing on this site.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #3  
Old 12-09-2008, 04:29 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,495
Rep Power: 10
Steve has disabled reputation
Default

After doing some more research I see that prosper is currently not taking any new customers because of a problem with the government.

http://www.baltimoresun.com/business...7012629.column

Quote:
Prosper has handled more than $178 million in loans since launching in early 2006.

$21.7 million in Prosper loans have defaulted as of October
That's a default rate of 12% or so. Quite fascinating isn't it? I'd like to know which group of loans has the highest defaults.

Here is another site that is similar to prosper.com but this one is functioning. http://www.lendingclub.com

Has anyone seen this one before?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #4  
Old 12-10-2008, 08:17 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,495
Rep Power: 10
Steve has disabled reputation
Default

Let's look at one of these loans.

Amount Requested $2,500
Loan Purpose Other
Loan Grade D1
Interest Rate 14.11%
Loan Length 3 years (36 payments)
Monthly Payment $85.58 / month

Funding Received $1,675 (67.00% funded)
Lenders 29 people funded this loan
Listing Expires in 8d 9h (12/19/08 3:39 AM)
Loan Status In Funding
Loan Submitted on 12/5/08 3:39 AM

Loan Description: "I currently work at a dealership repairing motorcycles and ATV's. I have a rare opportunity to buy their older shop equipment (tire machine,lifts,etc.) as they are upgrading. This purchase would allow me to do more repair work from my residence, and eventually work for myself."

So say you were to lend the full $2,500, if you were to add the interest
($2500 x 1.1411) = $2852.75

You would make $352.75 over that three year investment.

Would this be something you would find interesting?

If you were to have $2,500 in your hand now, how long would it take you to make that $352.75? Would it take you three years? More or less?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why did you start? Steve General Business Discussions 1 10-14-2008 08:34 PM
Loan 4Seasons General Business Discussions 2 11-24-2007 10:56 AM
Print equipment list for loan JMM0254 Gopher Software Support Archived Question & Answers - Read Only 0 08-25-2007 12:15 PM
$45,000 to start? Steve Lawn Maintenance / Lawn Renovation 3 03-28-2007 10:07 PM
When should I start getting Upstate Lawn & Tree Care General Business Discussions 1 07-03-2003 10:34 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
Yesterday 06:40 PM
by GreenWorx
17 555
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
Yesterday 06:38 PM
by mattthelawnguy
5 128
how to make customers...
Bradcook21
05-27-2015 05:04 PM
Yesterday 06:08 PM
by GreenWorx
15 2,728
Assessing the Market
NJDB60
Yesterday 03:25 PM
Yesterday 06:00 PM
by GreenWorx
1 42
NewVenture
NJDB60
Yesterday 03:38 PM
Yesterday 03:38 PM
by NJDB60
0 33
Watch out for this -...
rootytalbot
07-22-2015 02:13 PM
Yesterday 11:36 AM
by Steve
4 147
Need your help, Gopher...
Chilehead
07-23-2015 07:02 PM
Yesterday 11:28 AM
by Steve
11 202
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
Yesterday 11:27 AM
by googus
8 400
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Yesterday 11:22 AM
by Steve
94 10,197
Dogs
Mr. Mow
06-29-2015 02:37 PM
07-25-2015 07:50 AM
by Chilehead
12 2,228
Just about mid year, how...
GreenWorx
06-24-2015 07:05 PM
07-22-2015 07:31 PM
by Chilehead
14 2,293
Learning as I grow -...
WarriorLandscapingCAN
07-18-2015 07:46 AM
07-21-2015 10:53 AM
by Steve
3 147
Large dirt mound removal
purdue1973
07-09-2015 07:45 PM
07-20-2015 12:55 PM
by Steve
6 247
Hey everyone
Fantasy landscaping
07-09-2015 06:53 AM
07-09-2015 11:47 AM
by Steve
1 166
Quickbooks Online
jscarolina
07-08-2015 07:54 AM
07-08-2015 12:55 PM
by Nate10928
1 177
I dont know what to do...
Bradcook21
06-21-2015 08:49 AM
07-07-2015 09:48 PM
by SGL1
16 2,557
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
07-07-2015 02:54 PM
by GreenWorx
13 3,496
Is it too late to do...
markty
06-16-2015 05:28 PM
07-07-2015 01:00 PM
by problem solver
9 2,305
Hi everyone
Mattw
07-06-2015 05:59 PM
07-07-2015 10:18 AM
by Steve
1 194
4th of July parade...
Steve
07-06-2015 10:35 AM
07-06-2015 10:35 AM
by Steve
0 139
Unemployment rates drop,...
Steve
07-02-2015 12:40 PM
07-06-2015 10:30 AM
by Steve
4 309
another newish job for me
holymoly
06-07-2015 08:34 AM
07-03-2015 02:06 PM
by American L&T
9 2,315
Before & After tree...
COREtreeservice
07-01-2015 09:20 PM
07-01-2015 09:20 PM
by COREtreeservice
0 234
Ready to learn and get...
Koley Lawn & Landscape
06-28-2015 05:16 AM
07-01-2015 11:26 AM
by Steve
8 2,080
Three Stripe Land Care...
hammr04
06-30-2015 07:19 PM
07-01-2015 11:24 AM
by Steve
1 208
Country Life Lawn Care
darleneh
06-29-2015 11:24 AM
06-30-2015 01:25 PM
by Steve
3 1,916
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
06-29-2015 09:23 PM
by Chilehead
6 2,086
» Popular Tags
ad landscaping advertising aerocore apartment bid apartment complex apartment lawn care estimate applying bark billy goat brushcutter blowout bush collections curb appeal services deliquentaccounts design door hangers employee problems equipment dealer equipment rental facebook financials flyers foreman free advertising free lawn care growing a lawn care business hiring how to husqvarna hydro increase customers jobs landscape landscape services landscaping lawn aeration lawn care lawn care busines plan lawn mowing marketing marketing secrets more customers business mr dave mulch new business per hour charge plowing pricing profit on employee quickbooks roundup scag secrets to landscaping shell small engine repair snow plowing solo solo backpack sprayer sq ft square foot swzt tree tree pics walk behind web design website website design winterization wood www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:49 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 02:49 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy