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Service Providers Network
Request fr-1002 · submitted Mar 5, 2025
Purpose
Shared fleet of service vans and diagnostic tooling.
Requested
$120,000
Funded
$120,000
Rate
7.1%
Term
18 months
Funding progress100%
Per-member breakdown
Derived from each member's agreed contribution percentage.
| Member | Share | Requested | Approved | Verified |
|---|---|---|---|---|
| Circuit City RepairsAlicia Moreno | 25% | $37,500 | $32,000 | Verified |
| Chen ElectronicsDavid Chen | 22% | $33,000 | $28,000 | Verified |
| Bright Screen Co.Priya Nair | 20% | $30,000 | $24,000 | Verified |
| Webb Mobile FixMarcus Webb | 18% | $27,000 | $20,000 | Pending |
| Rossi Gadget BarSofia Rossi | 15% | $22,500 | $16,000 | Verified |
Indicative repayment schedule
First six installments of 18. Group monthly payment $7,048.
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $7,048 | $6,338 | $710 | $113,662 |
| 2 | $7,048 | $6,375 | $673 | $107,287 |
| 3 | $7,048 | $6,413 | $635 | $100,874 |
| 4 | $7,048 | $6,451 | $597 | $94,424 |
| 5 | $7,048 | $6,489 | $559 | $87,935 |
| 6 | $7,048 | $6,527 | $520 | $81,407 |
Cost of credit
- Principal
- $120,000
- Total interest
- $6,858
- Total repayment
- $126,858
- Effective cost
- 5.7%
Illustrative. Final figures are confirmed in the underwriting offer.
For lenders
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