Support Veteran Owned Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 230% |
| Lender Rate: | 23% | Borrower: | ArmyCPT |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | Vets helping Vets |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-03-27 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Mar 27, 2007 | Current |
|
Re-listing this for the 2nd time. The 7 day Auto-funded option was suggested by our Group Leader because the request is large and a lower rate is not likely. Read about our Company! Website: http://www.tothefallenrecords.com/and our MySpace: http://www.myspace.com/tothefallenrecords Link to Article in Military Times, Army Times, Air Force Times, and Navy Times: http://www.militarytimes.com/entertainment Link to Full Article in Military Times, Army Times, Air Force Times and Navy Times: http://http://www.militarytimes.com/entertainment/music/online_life_militaryrecordlabel070302/ See personal profile for my work and military history. Traditional lending institutions said that the company did not fall within their lending parameters; i.e., we were not a franchise or ?traditional brick and mortar business.? We have put in well over $50,000 of our own money into this company. Credit history: My credit score has dropped recently from starting the company. I have never missed a payment on any financial obligation. Debt to Income: We just started this business so I cannot prove any income besides my disability payment. Purpose of Loan: PR Rep: $4,000 AAFES: $7,000 EURPAC: $7,000 Expand Merchandise Line, Operating Costs, Miscellaneous: $7,000 Financial Details: Marketing: Our label has just released its first Volume. We will use the loan to get into the military stores (AAFES and EURPAC) and they will purchase our CD in bulk. We have a PR campaign that has landed us in Army Times, Air Force Times, and Marine Corps Times. We are in discussion with Billboard Magazine, Playboy Magazine, and Maxim Magazine to do features on our label. Our PR campaign includes working with the Today Show, Jay Leno, and Oprah in order to spread the word about our story. Income: We are doubling sales each of the last 3 weeks due to online marketing and our PR campaign. This does not include our wholesale to our artists, merchandise sales, or conferences we will attend. We estimate this trend will continue at a minimum increase of 20% per week. Brief Budget: Expenses: PR Campaign: 4000 Mortgage: 1000 Utilities : 1000 Misc: 660 Expenses: 6660 Income: 8,000 + 710 = 8710 Balance to pay Prosper loan: 8710 - 6660 = 2050 Thank you for actively supporting a veteran owned business and the men and women who benefit from our existence. The military really does support its? own. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 107453 | Military Record Label | D | $25,000 @ 23% | Mar 06, 2007 | Withdrawn |
| 108077 | Help Disabled Vet Grow Business | D | $25,000 @ 23% | Mar 07, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|