Good credit for physical therapy venture, DTI overstated
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 23% |
| Lender Rate: | 20% | Borrower: | butterflyeffect |
| Finished | State: | IL | |
| Funded: | 100% | Group: | AIDS/HIV Research |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-03-28 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Mar 29, 2007 | Current |
| Dec 14, 2007 | Late |
| Dec 19, 2007 | Current |
|
Introduction My name is Tina. I am physical therapist and have been in practice for 12 years.Business description Natural Instincts Inc. is a physical therapy and wellness center offering rehabilitation services specializing in manual orthopedic physical therapy and pilates-based training. Opened on December 16th 2006 FINANCIAL OVERVIEW EXPENSES >> (01/07 ? 02/07) Monthly expenses Rent??????????.?..4500.00 Phone??????????.?..551.73(includes initial set up) Gas???????????..?...43.64 Electric?????????.??.140.91 ADT security?????????109.50 Employee payroll???????.1129.09 Total expense????????.5435.87 **************************************************** INCOME >> (01/07 ? 02/07) Wellness classes?????..2255.66 Physical therapy?????..4202.99 Total Income?????.......6458.65 **************************************************** Net profit ????????1022.78 **************************************************** TOTAL COMPANY ASSETS >> 61,027.40 (includes brand new equipment) **************************************************** LOAN REQUEST : $10,000 PURPOSE : Working Capital : used for addressing unforeseen expenses, and marketing EXPLANATION OF CREDIT RATING My credit rating is improving and so far I do not have delinquencies, and no public record. INTENTION / FOCUS This loan will allow me to market my business in a way that will really boost my clientele while taking care of the fixed bills each month. I am having pretty good success now and I have not been able to do half the marketing that I will be able to do if I have sufficient working capital. My goals are set and my plan towards great success is in place. As with any new business, however, working capital is imperative. Physical therapy and the health/fitness industry is a dynamic combination. The demand is there and Natural Instincts is here to meet it! Thank you for your time and consideration!! Respectfully, Tina |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 102345 | It's in demand > health, physical therapy and fitness!! | D | $20,000 @ 22% | Feb 22, 2007 | Expired |
| 105346 | health, physical therapy and fitness | D | $20,000 @ 26% | Mar 02, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|