A new loan funded (Please help with Business Expansion!!!— $24,000 at 18.7%).  I participated via a manual order the loan was Autofunding.  The borrower had B credit and 35% DTI.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10. 

With this loan I have $4,597.15 in principal across 71 loans ($64.75 per loan) with an weighted average interest rate of 17.55% and an account value of $4,984.42. Each loan on average is 1.3% of my portfolio with a maximum in any one loan being 4.0%.

Here is the listing:

For the readers that believe in reading the actual description without modification:

Hello

My name is Brad.   First let me say that I checked my credit report from Experian 4 days prior to this and by my score I should have been well into the A category.  I am attempting to use Prosper for my first time.  I have heard many positive remarks and figured this may be an easier route than the bank.  I own a lounge as well as my current job.  The lounge I am wanting to expand and put a little money into.  Business has been really great and I want to take advantage of the opportunity I have to bring in an increased amount of revenue.  Business has been really good and we show no signs of slowing down!  Have a great day and I appreciate your bids.

Brad  

Here is a graph of all loans on Prosper with B credit and a DTI of < 35% and Loan Amount $20,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
78	$20,222.40	15.42%	3.36%

The weighted average plus 1 sigma is 18.78%. This loan is between the weighted average and 1 sigma — 3.28% above the mean.  

What do you think?

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Loan Review, Prosper.com

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